Recent data indicates a significant increase in Bitcoin (BTC) deposits into the Binance exchange, raising concerns about potential short-term selling pressure. According to CryptoOnchain, a CryptoQuant analyst, the 7-day Simple Moving Average reveals a clear upward trend in BTC deposits. While exchange deposits don't always guarantee immediate sales, they often suggest intentions to sell, establish margin positions, or facilitate portfolio rebalancing by institutional investors. This influx of Bitcoin onto Binance, without a corresponding surge in buying demand, could lead to increased selling pressure in the market. Traders should monitor order books and price action closely for potential downside movements. ```

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