Selling pressure on Bitcoin (BTC) is gradually easing, and this is evident across several exchange flow indicators at once. These conclusions were reached by two CryptoQuant analysts — Amr Taha and CryptoOnchain, who studied investor behavior on the largest platforms.
Both studies point to a reduction in the supply available for sale, although the analysts approach the question from different angles. The picture is rounded out by the price of Bitcoin, which is holding near $62,000.
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Amr Taha: mid-sized investors are bringing fewer coins to exchanges
According to Amr Taha, on June 19 Bitcoin inflows from mid-sized investors simultaneously declined on Binance, Coinbase and Coinbase Prime. On Binance this group brought in about 3,500 BTC, on Coinbase — almost 3,000 BTC, while on Coinbase Prime the inflow dropped to roughly 1,700 BTC, close to the April 4 low.
The simultaneous decline matters because inflows to trading platforms are often interpreted as a signal of possible sales or profit-taking. When investors move Bitcoin onto exchanges, the market usually expects pressure from sellers.
The drop in inflow metrics across several crypto exchanges suggests that this group is currently less prepared for large-scale sales. According to the analyst, such a signal makes BTC's near-term outlook more favorable.
On its own it does not confirm an inflow of new demand. But it shows that mid-sized investors are sending fewer coins to exchanges, which means the risk of massive profit-taking on their part is decreasing. If the trend continues, Bitcoin will find it easier to hold above $62,000.
CryptoOnchain: global accumulation versus the resilience of the SOPR
The CryptoOnchain analyst draws attention to a structural shift on Binance. Over the previous seven days the exchange recorded an average daily outflow of more than 1,200 BTC, and on June 15 some 5,239 BTC were withdrawn from it at once. At the same time, the inflow of stablecoins to the same platform grew to an average of $154 million per day.
Source: BeInCrypto
