Bitcoin inflows on Binance drop, hinting at potential rally to $120,000

From Cointelegraph

June 25, 2025 1:23:00 pm:

Bitcoin inflows on Binance have dropped to 5,147 BTC, signaling a possible decline in selling pressure despite BTC trading above $105,000. Reclaiming its 50-day EMA could trigger a rally to $120,000, supported by strong spot demand and technical indicators. Inflows and outflows on exchanges reflect market sentiment and investor behavior. Despite trading above $105,000, BTC inflows on Binance have plunged, suggesting a shift in investor strategy towards holding coins. This drop in inflows may reduce selling pressure, but caution is advised due to external factors affecting price action. Analysts predict a rally to $120,000 with bullish momentum driven by reclaiming the 50-day EMA and rising spot demand for BTC. Bitcoin ETFs see significant inflows in June, extending an 11-day streak, indicating continued investor interest in the cryptocurrency market.

Read more at Cointelegraph: Bitcoin Inflows Drop as Data Hints At Rally To $120K