ChainCatcher Message, according to NewBTC reports, on-chain analyst BorisVest states that based on the analysis of fund flows at Binance, the price of Bitcoin may face selling pressure in the next one to two weeks. Data shows that the net flow of Bitcoin on Binance has turned positive, while outflows have decreased. This trend indicates that Bitcoin is in a distribution phase. Additionally, Binance's trading reserves continue to grow, suggesting that investors are sending their Bitcoin to the exchange to sell for profit.

BorisVest points out that the massive trading volume at Binance plays a crucial role in influencing the cryptocurrency market, and as new buyers enter, whale sell-offs often exert significant selling pressure on Bitcoin's price.