Binance Sees $2B Bitcoin Miner Sell-Off Amid $120K Rally Pressure
Bitcoin's ambitious rally toward the $120,000 mark encountered significant resistance as miners executed a massive sell-off, depositing 18,000 BTC (worth over $2 billion) on Binance in a single day. This unprecedented MOVE on July 25, one of the largest miner deposits in months, raised concerns about short-term liquidity despite the overarching bullish sentiment in the market. The sell-off coincided with a $650 million USDC withdrawal, further intensifying market scrutiny. This dramatic shift in miner behavior—from holding reserves to large-scale selling—highlights the evolving dynamics of Bitcoin's supply-side pressures and their potential impact on price trajectories.
Bitcoin's $120K Rally Faces Pressure as Miners Dump $2B on Binance
Bitcoin's march toward $120,000 hit a stumbling block as miners unloaded a staggering 18,000 BTC—worth over $2 billion—on Binance in a single day. The July 25 deposit spike, one of the largest in months, coincided with a $650 million USDC withdrawal, sparking concerns about short-term liquidity despite broader bullish sentiment.
Miner behavior has flipped dramatically. Just weeks ago, they clung to reserves despite declining revenues and a slight hashrate dip, betting on further upside. But as BTC neared its July 14 all-time high, profit-taking erupted. Rising operational costs and mining difficulty may have forced their hand, with exchange inflows of this scale historically preceding consolidation phases.
BlockchainFX Presale Emerges as Top Contender in 2025 Crypto Market
BlockchainFX ($BFX) has raised $4.34 million in its presale, drawing comparisons to Binance's early days. Analysts highlight its live trading platform and 90% annual staking rewards as key differentiators in a crowded presale market.
The project's confirmed $0.05 launch price represents a 200% premium to current presale levels at $0.017. Market observers project potential upside to $8-$10 post-listing, citing the platform's existing 10,000 active users and multi-asset trading functionality.
While competitors like Snorter Token target meme coin enthusiasts and Bitcoin Hyper focuses on derivatives, BlockchainFX's operational status provides tangible traction. Daily USDT rewards for presale participants further bolster its investment case during the pre-exchange phase.
Binance Wallet Launches DEX Pro Mode for Advanced DeFi Trading
Binance Wallet has introduced DEX Pro Mode, a feature designed to enhance the decentralized exchange (DEX) trading experience. The new mode combines Secure Auto Sign with advanced DeFi tools, allowing traders to place on-chain limit orders without locking up funds or dealing with repetitive gas approvals.
Winson Liu, Global Lead of Binance Wallet, emphasized the goal of merging the seamless experience of centralized exchanges with the transparency of self-custodial trading. Traders can now set target prices, maintain access to their funds, and let Secure Auto Sign handle execution automatically—all while retaining control of their private keys.
The feature supports multiple limit orders simultaneously, enabling strategies like catching Ethereum's dips or capitalizing on altcoin rallies. Unlike traditional DEXs, funds remain accessible for other trades until orders are executed.
Binance Alpha to List TOWNS Token with Airdrop on August 5, 2025
BNB has announced via its X platform that Binance Alpha will host the inaugural TOWNS airdrop listing on August 5, 2025. Eligible participants can claim free tokens through a dedicated promotional event.
The move signals Binance's continued expansion into niche token offerings, leveraging its Alpha platform for early-stage project exposure. Tokenomics details remain undisclosed, but the airdrop mechanism suggests a community-focused distribution strategy.
BNB Rally Stalls as Mid-Term Holders Take Profits
BNB's rally toward new all-time highs faces headwinds as on-chain data reveals mid-term holders are cashing out. The HODL wave for wallets holding BNB between 6-12 months dropped sharply from 72.65% to 65.88% of supply in just three days, signaling weakening conviction among typically steady hands.
On-Balance Volume (OBV) shows buying pressure failing to keep pace with price attempts NEAR $800. This distribution pattern among mid-term holders removes a crucial buffer against selling pressure, making fresh highs increasingly difficult to achieve in the near term.
The profit-taking follows BNB's recent record peak, with technical indicators now flashing early bearish signals on lower timeframes. Market depth appears compromised as fewer buyers participate at current levels.
Binance Listings Under Fire: Allegations of Predatory Practices Emerge
Binance's listing strategy faces sharp criticism as industry figures accuse the exchange of shifting from a growth catalyst to an extractive entity. Youssef, a prominent voice in the latest BeInCrypto podcast, claims the platform now operates against user interests, particularly after Changpeng Zhao's departure.
The exchange allegedly demands excessive token allocations or fees from projects like Pi Network, creating listing impasses. 'They didn’t want to give Binance 50% of their token supply,' Youssef stated, framing the process as exploitative rather than supportive of innovation.
Regional restrictions, such as disabled P2P trading between African nations, further fuel accusations of profit-driven policies. The critique extends to alleged selective listings favoring projects willing to meet Binance's terms, regardless of merit.
