Analyst: 10 straight days of BTC net inflows to Binance a potential sell signal

Bitcoin has seen net deposits into Binance, the world's largest cryptocurrency exchange, for 10 consecutive days, a trend that could be a potential sell signal, according to on-chain analyst Darkfost. He noted that the weekly average BTC inflow to Binance has surged from 378 BTC on May 16 to 1,190 BTC today, a nearly threefold increase. A peak daily inflow of over 3,600 BTC was recorded on May 18. As a result, Binance's wallet balance has grown by approximately 16,000 BTC over the past month, rising from a low of 616,000 BTC on April 24 to 632,000 BTC. Darkfost explained that investors typically move BTC to exchanges to realize profits, reduce their positions, or reallocate to more defensive assets. Therefore, a sustained flow of inflows can be interpreted as a potential signal of selling pressure.