Analyst: Selling Pressure from STH (Short-Term Holders) Decreases on Binance

Tracking the flow of $BTC to Binance is a useful way to visualize potential selling pressure, as the platform handles significant trading volumes.

Recently, short-term holders have faced considerable stress, with many even selling at a loss.

It's important to remember that the average selling price for STHs is currently around $92,800.

Interestingly, the inflow of BTC (7DMA) from STHs to Binance has been steadily declining.

It has dropped from approximately 17,000 BTC on November 16 to 14,000 on March 3, and is now at 9,000.

This indicates that selling pressure from short-term investors on Binance is weakening, which is a positive signal; however, it is necessary to monitor whether this trend will continue over the long term.