Binance Data Signals Weak Bitcoin Selling Pressure as BTC Nears All-Time High
Bitcoin continues to trade NEAR its all-time high of $111,980, with on-chain data revealing subdued inflows to Binance, suggesting limited selling pressure. This development indicates strong holder confidence, as both short-term and long-term investors are retaining their positions. The current market behavior contrasts sharply with previous corrections, pointing to potential sustainability in BTC’s ongoing rally.
Bitcoin Selling Pressure Weak As Binance Inflows Stay Subdued – Can BTC Sustain Its Rally?
Bitcoin trades near its all-time high of $111,980, with subdued inflows to Binance suggesting limited selling pressure. Short-term holders, typically reactive to market swings, have deposited only 8,000 BTC during the current rally—far less than during past corrections. Long-term holders are also retaining their positions, signaling confidence in further upside.
On-chain data reveals a stark contrast to previous cycles. In August 2024, STHs offloaded 12,000 BTC during a price drop, while March 2025 saw 14,000 BTC dumped amid market panic. The current restraint from both investor cohorts points to a market expecting higher valuations rather than preparing for exit.
Bitcoin Dips Amid Trump Tariff Uncertainty, Regulatory Shifts
Bitcoin extended its retreat, slipping 1.3% to $106,267.6 as market uncertainty over former President Donald Trump’s trade tariffs triggered profit-taking. Despite corporate accumulation and regulatory tailwinds, the cryptocurrency faces a mild weekly loss after last week’s record high above $111,000.
Conflicting court rulings on Trump-era tariffs fueled volatility. A federal appeals court reinstated the levies, overturning a trade court’s decision—a move TRUMP publicly endorsed while predicting Supreme Court backing. Analysts warn prolonged legal battles may pressure risk assets, with weakening U.S. economic indicators compounding crypto’s fragility.
Positive catalysts failed to stem the tide: Revised GDP data showing a milder Q1 contraction and GameStop’s $500 million Bitcoin purchase provided no lift. Meanwhile, the SEC’s dismissal of its lawsuit against Binance signals a regulatory pivot under the Trump administration, closing allegations of inflated trading volumes and customer fund mismanagement.
SEC Drops Binance Case: Crypto Community Witnesses Policy Shift
The U.S. Securities and Exchange Commission has ended its legal battle against Binance U.S., Binance, and co-founder Changpeng Zhao, marking a potential turning point for cryptocurrency regulation in the United States. The resolution follows three years of litigation that cast a shadow over the world’s largest crypto exchange.
Market observers interpret the SEC’s retreat as a possible softening of its aggressive stance toward digital asset firms. The decision could signal a broader regulatory recalibration as policymakers grapple with balancing innovation and investor protection in the fast-evolving crypto landscape.
SEC Dismisses Binance Lawsuit – BNB Shows Muted Reaction Amid Broader Market Pressure
The U.S. Securities and Exchange Commission (SEC) and Binance have jointly moved to dismiss their two-year legal battle with prejudice, effectively closing the case permanently. Despite the regulatory relief, Binance Coin (BNB) exhibited little price movement, weighed down by macroeconomic headwinds.
Court filings reveal both parties stipulated to dismiss all allegations in the amended complaint without financial penalties. The resolution follows a 60-day pause in proceedings earlier this year while awaiting findings from the SEC’s crypto task force.
Binance CEO Richard Teng framed the outcome as a victory against regulatory overreach, acknowledging former SEC Chairman Paul Atkins and the Trump administration. The exchange’s U.S. arm promptly reinstated USD deposits that had been restricted during litigation.
