Bitcoin has surged past $90,000, with Ethereum trading above $3,000. Large deposits to exchanges represent 45% of Bitcoin inflows, reaching 7,000 BTC. On-chain data reveals a split market with selling pressure and substantial outflows, sparking speculation about institutional moves.

Bitcoin trades at $90,418, up 3.12% in 24 hours, below its $126,080 all-time high. Ethereum follows a similar pattern, trading at $3,023.74. Recent price recovery follows a correction to $80,000, leading to high trading volumes for both cryptocurrencies.

Exchange inflow statistics raise concerns for Bitcoin bulls as large deposits increase, signaling potential price declines. Analysts warn of technical changes affecting trends. However, a significant 1.8 million BTC withdrawal from exchanges has sparked speculation about institutional accumulation or strategic portfolio moves.

Binance’s stablecoin reserves hit a record $51.1 billion, suggesting traders are preparing for market volatility. Stablecoin accumulation coincides with market correction and fluctuating trading volumes. Ethereum mirrors Bitcoin’s movements, facing increased deposits and active trading strategies.

Read more at Yahoo Finance: Bitcoin Breaks $90K but Exchange Data Shows Rising Selling Pressure