Bitcoin’s short-term trend is uncertain due to sell-side pressure on Binance, with whale deposits rising and USDt deposits hitting yearly highs. The Exchange Whale Ratio is also climbing, suggesting large holders are moving BTC onto trading platforms, potentially signaling a distribution phase and limiting upside potential.

BTC inflows to Binance are at yearly highs, matching levels seen before sharp downward moves in the past. This surge indicates holders are preparing to de-risk or cycle out of Bitcoin, adding to selling pressure. The market faces resistance at $96,000, and until excess supply is absorbed, the uptrend may be limited.

Traders on Binance are positioning for volatility, with a surge in USDt deposits surpassing other exchanges. This influx suggests traders are preparing to react to market movements, potentially leading to increased volatility and short-term range resets. If BTC drops below $90,000, this liquidity could accelerate a downward move.

Read more at Cointelegraph: 3 Binance Charts Hint at BTC’s Next Move