Technical & On-Chain Outlook:
After losing the $90K support level, Bitcoin has settled into a clear Range Zone between $70,000 and $90,000.
As seen on the technical chart, price action found support near the Point of Control (POC) and is now rallying to test the Range High at $90K.
Binance Netflows: Bearish Divergence Appears
Binance’s 7-day cumulative netflow data highlights a potentially bearish setup:
1. Heavy Asset Inflows (Bearish Signal)
Large amounts of crypto assets have been deposited into Binance:
$2 Billion in BTC
$500M in XRP
$315M in ETH
Such large inflows typically indicate an intention to sell.
2. Weak Stablecoin Buying Power
Stablecoin movements show limited demand:
$1.4B USDT flowed into the exchange
$665M USDC flowed out
➡️ Net stablecoin inflow: ~$735 Million
This represents the actual available buying power on Binance.
Conclusion
A clear supply-demand imbalance is forming:
Potential selling pressure: ~$2.8B (Crypto assets)
Available buying power: ~$0.735B (Stablecoins)
This strongly suggests that short-term investors are preparing to sell at the range ceiling.
Without a renewed wave of stablecoin liquidity, a clean breakout above $90K is unlikely.
A rejection from the range high and continuation within the $70K–$90K range appears to be the more probable scenario.
After losing the $90K support level, Bitcoin has settled into a clear Range Zone between $70,000 and $90,000.
As seen on the technical chart, price action found support near the Point of Control (POC) and is now rallying to test the Range High at $90K.
Binance Netflows: Bearish Divergence Appears
Binance’s 7-day cumulative netflow data highlights a potentially bearish setup:
1. Heavy Asset Inflows (Bearish Signal)
Large amounts of crypto assets have been deposited into Binance:
$2 Billion in BTC
$500M in XRP
$315M in ETH
Such large inflows typically indicate an intention to sell.
2. Weak Stablecoin Buying Power
Stablecoin movements show limited demand:
$1.4B USDT flowed into the exchange
$665M USDC flowed out
➡️ Net stablecoin inflow: ~$735 Million
This represents the actual available buying power on Binance.
Conclusion
A clear supply-demand imbalance is forming:
Potential selling pressure: ~$2.8B (Crypto assets)
Available buying power: ~$0.735B (Stablecoins)
This strongly suggests that short-term investors are preparing to sell at the range ceiling.
Without a renewed wave of stablecoin liquidity, a clean breakout above $90K is unlikely.
A rejection from the range high and continuation within the $70K–$90K range appears to be the more probable scenario.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.