Earlier today, Bitcoin (BTC) slipped below $115,000 for the first time since August 6, raising concerns that the cryptocurrency’s bullish momentum may be fading. Against this backdrop, the Binance Buying Power Ratio suggests that demand for BTC could be weakening, potentially setting the stage for a deeper price correction. Binance Buying Power Ratio Raises Alarms…
Tag: Binance crypto exchange
Bitcoin Selling Pressure Weak As Binance Inflows Stay Subdued – Can BTC Sustain Its Rally?
Bitcoin (BTC) continues to trade close to its new all-time high (ATH) of $111,980, set earlier this week. While some argue that the top digital asset may be running out of steam, Binance exchange flow data suggests that certain investor groups are reluctant to sell their BTC just yet, expecting further upside. Bitcoin Inflows To…