Bitcoin News Today: $479M Flows Into Binance as Traders Watch for Potential Cycle Bottom

The post Bitcoin News Today: $479M Flows Into Binance as Traders Watch for Potential Cycle Bottom appeared first on Coinpedia Fintech News

Bitcoin is facing renewed selling pressure after average monthly BTC inflows to Binance nearly doubled from 3,880 BTC to 7,600 BTC since April, representing roughly $479 million in potential sell-side pressure at current prices. The increase followed Bitcoin’s drop below the key $60,000 level, a zone that has repeatedly triggered panic deposits during previous market …