Post
Wendyy_
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Bullish$BTC 59,000 BTC Flood Binance - Is This the Capitulation Moment?
Bitcoin just hit a make-or-break zone, and fear is spilling onto exchanges fast. On Feb 2-3, Binance saw its largest BTC inflows of the year, with 56,000-59,000 BTC rushed onto the exchange as price hovered dangerously close to $74,000 - a level many traders view as critical for the long-term trend.
This wasn’t quiet accumulation. Short-term holders panicked, sending up to 54,000 BTC at a loss in a single day, signaling stress, fear, and forced decisions. With Binance still dominating spot volume, it naturally absorbed most of this pressure - turning inflows into visible sell-side tension.
But here’s the twist: this scale of selling isn’t abnormal. Historically, panic + oversold conditions = potential bottom formation.
Is this peak fear before a reversal… or the final shakeout before deeper pain? Watch the flows - they rarely lie.
#Crypto #Bitcoin #OnChain #wendy
Bitcoin just hit a make-or-break zone, and fear is spilling onto exchanges fast. On Feb 2-3, Binance saw its largest BTC inflows of the year, with 56,000-59,000 BTC rushed onto the exchange as price hovered dangerously close to $74,000 - a level many traders view as critical for the long-term trend.
This wasn’t quiet accumulation. Short-term holders panicked, sending up to 54,000 BTC at a loss in a single day, signaling stress, fear, and forced decisions. With Binance still dominating spot volume, it naturally absorbed most of this pressure - turning inflows into visible sell-side tension.
But here’s the twist: this scale of selling isn’t abnormal. Historically, panic + oversold conditions = potential bottom formation.
Is this peak fear before a reversal… or the final shakeout before deeper pain? Watch the flows - they rarely lie.
#Crypto #Bitcoin #OnChain #wendy
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