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Bitcoin Flows Shift: Binance Inflows Hit 2023 Lows While Bulls Eye $80K
Crypto

Bitcoin Flows Shift: Binance Inflows Hit 2023 Lows While Bulls Eye $80K

1 hour ago•CoinTelegraph via AI

Bitcoin is currently witnessing a fascinating divergence in exchange dynamics as market sentiment heats up. With bulls aggressively targeting the $80,000 milestone, Binance has recorded its lowest Bitcoin inflows of 2023. This sharp decline suggests that intense selling pressure is finally evaporating from the world’s largest exchange, implying that long-term holders are refusing to part with their assets amid the ongoing price surge.

Conversely, Coinbase is stepping into the spotlight, displaying increasingly dominant activity levels while its rival quiets down. The US-based platform is absorbing a larger share of trading volume, reflecting a distinct shift in regional liquidity and trader behavior. This stark split in exchange flows underscores the rapidly changing landscape of cryptocurrency trading just as Bitcoin charges toward its next major psychological barrier.