Bitcoin sell signal? Binance inflows jump 3x in just 10 days

Bitcoin is facing renewed pressure after Binance recorded nearly 10 straight days of stronger BTC inflows, while spot Bitcoin ETFs saw heavy redemptions. 

Analyst Darkfost said Binance’s weekly average inflows rose from 378 BTC on May 16 to 1,190 BTC, marking a more than threefold increase in less than 10 days.

The same update said Binance recorded one daily inflow of more than 3,600 BTC on May 18. Darkfost added that Binance reserves rose from 616,000 BTC on April 24 to 632,000 BTC, an increase of 16,000 BTC in one month. 

Exchange inflows often draw attention because holders usually move coins to trading venues when they want to sell, take profit, or reduce exposure.

Binance BTC inflows raise sell pressure fears

Darkfost said Bitcoin inflows into Binance have not stopped for nearly 10 days. The analyst linked the move to a wider market correction driven by tense geopolitical conditions and weaker appetite for risk assets.

He said dominant exchange inflows are often read as a possible sell signal. The analyst added that holders usually send BTC to exchanges when they plan to sell, reduce exposure, or take a more defensive position.

This does not confirm that all incoming BTC will be sold. However, it shows that more supply has reached one of the world’s largest crypto exchanges during a weak market phase.

The timing also matters because Bitcoin printed a performance as low as minus 6.2% during the same period. That makes Binance reserve growth a key on-chain signal to watch.

Bitcoin ETF outflows add to demand concerns

Spot Bitcoin ETFs added another weak signal. Crypto.news reported that U.S.-listed spot Bitcoin ETFs recorded net outflows in six straight sessions from May 15 through May 22, totaling $1.26 billion across 11 funds.

The report also cited Santiment, which noted that weak ETF flows do not always signal deeper market stress. The analytics firm said past outflow streaks have sometimes appeared near periods when long-term buyers started rebuilding positions instead of exiting the market.

Still, ETF redemptions reduce visible spot demand at a time when Binance inflows are rising. The combined picture shows weaker buyer support from ETF channels while more BTC is moving back to exchanges.

Bitcoin price holds near $77K but momentum stays weak

Bitcoin (BTC) was trading around $77,185 at the time of reporting, up 0.54% in 24 hours, according to crypto.news price data. The same page showed 24-hour volume near $24.98 billion, a market cap of about $1.54 trillion, and a 24-hour range between $76,053 and $77,407.

The price remains below the 20-day Bollinger Band midline near $78,877. That shows Bitcoin has not yet reclaimed short-term average resistance.

The lower Bollinger Band near $75,004 remains the key support area. The upper band near $82,751 is the next resistance zone if buyers regain control.

The RSI sits near 48.00, slightly below its moving average at 49.13. That keeps momentum in neutral territory, with a mild bearish bias because RSI remains below 50.

Volume is also low at about 2.58K BTC on the chart. That suggests the latest rebound lacks strong participation. A close above $78,800 would improve the short-term setup, while a break below $75,000 would renew downside pressure.

Analysts split as macro events keep traders cautious

CryptoQuant analyst CryptoOnchain reported that Binance BTC netflows surged 425%, while older coins have moved back onto exchanges. XWIN Japan said the Coinbase Premium has turned deeply negative, a reading often used to track U.S. institutional spot demand.

The same market update said funding rates returned to positive territory as retail traders stayed aggressively long. That setup can become risky when leveraged positions rise without strong spot demand behind them.

However, Titan of Crypto said Bitcoin’s monthly logarithmic MACD histogram remains worth watching. He wrote that past Bitcoin bottoms formed after two consecutive lighter red bars on the monthly MACD histogram.

He added that May has not closed yet. In his view, “If history rhymes, the worst of the downside may already be behind us.” The signal remains unconfirmed until the monthly candle closes.

Macro events may keep Bitcoin volatile this week. Crypto.news reported that traders are watching U.S.-Iran agreement details, April PCE inflation data, first-quarter U.S. GDP, and consumer confidence data.

For now, Bitcoin remains between two signals. Rising Binance inflows and ETF outflows point to weaker demand and possible sell pressure. But the monthly MACD setup gives bulls one technical reason to watch for a potential bottom confirmation.