Binance Bitcoin Deposits Surge, Signaling Potential Sell-Off Ahead

Bitcoin deposits on Binance, the world’s largest cryptocurrency exchange, have surged to their highest levels in recent months. This triggers an analysis that suggests a potential rise in selling pressure for the leading digital asset. Possible Reasons: Funds Poised for Sell-Off CryptoOnchain, a CryptoQuant analyst, reported Friday that rising Bitcoin exchange balances point to three possible scenarios. The analyst outlined three possibilities for the swelling reserves: imminent sell-off, margin trading collateral, or institutional portfolio rebalancing source: https://beincrypto.com/binance-bitcoin-deposits-surge-signaling-potential-sell-off-ahead/