Binance Sees Increased Bitcoin Inflows Amid Market Pullback
Bitcoin is currently experiencing selling pressure as exchange inflows rise, particularly on Binance, the world's largest cryptocurrency exchange. The price has retreated 4.1% from its recent all-time high above $124,000, now hovering around $118,612. This pullback follows comments from the US Treasury ruling out federal cryptocurrency purchases, sparking uncertainty among market participants. On-chain data highlights significant activity on Binance, suggesting increased selling pressure. Traders are now closely watching whether this consolidation phase will lead to another upward movement or extend the current correction. The situation underscores the volatile nature of cryptocurrency markets and the influence of regulatory sentiments on price action.
Bitcoin Faces Selling Pressure as Exchange Inflows Rise
Bitcoin's price hovers below $120,000 after a pullback triggered by US Treasury comments ruling out federal cryptocurrency purchases. The asset currently trades at $118,612, marking a 4.1% retreat from its recent all-time high above $124,000. Market participants are weighing whether this consolidation will resolve into another leg up or extend the correction.
On-chain data reveals concerning activity on Binance, the world's largest crypto exchange by volume. CryptoQuant contributor CryptoOnchain reports the platform is experiencing one of its seven highest Bitcoin inflow averages in recent months. The Mean Inflow metric suggests growing BTC deposits into exchange wallets - typically preceding sell orders, leveraged position collateralization, or institutional rebalancing.
Persistent exchange inflows often signal coins moving from cold storage to trading accounts. When not met with equivalent buy-side demand, this supply overhang creates downward price pressure. The current netflow trend shows deposits outpacing withdrawals, potentially foreshadowing near-term weakness.
Crypto Price Predictions 2025: Solana and Binance Coin Face Competition from Emerging Altcoin Remittix
Solana (SOL) and Binance Coin (BNB) remain dominant players in the crypto market, but analysts are eyeing Remittix (RTX) as a potential breakout star. With a Q3 wallet beta launch and real-world payment integrations, RTX's utility-driven approach could position it as a top altcoin contender by 2025. A 40% token bonus adds to its appeal.
Solana's LAYER 1 blockchain continues to attract DeFi and NFT projects, with price predictions suggesting a climb toward $350 if bullish momentum holds. However, its growth may be tempered by market cycles and cross-chain competition.
Binance Coin faces regulatory hurdles despite its entrenched position in the Binance ecosystem. While still a key player for DeFi apps and trading cost reductions, BNB's long-term growth potential remains uncertain amid shifting market dynamics.
Best Crypto to Buy Now: SOL and BNB Near Parabolic Phase But LBRETT Is On A Rampage
The crypto market is witnessing a bullish surge, making it challenging to identify standout investments. Bitcoin and Ethereum are setting new records, while altcoins like Solana (SOL), Binance Coin (BNB), and LayerBrett (LBRETT) are capturing significant attention.
LayerBrett emerges as a unique contender, blending meme culture with Layer 2 functionality. Built on Ethereum, it offers fast, low-cost transactions, appealing to both meme enthusiasts and utility seekers. Its presale, featuring 25,000% APY staking rewards and a $1 million giveaway, is drawing aggressive investor interest.
Solana and Binance Coin continue their upward trajectories, fueled by ecosystem growth and exchange-driven demand. While SOL and BNB represent established plays, LBRETT's hybrid model positions it as a high-risk, high-reward outlier in the current market cycle.
