Bitcoin Faces 48 Days of Sustained Sell Pressure on Binance, On-Chain Data Shows
By
Opeyemi Sule
3h ago· 3 min readenInsight
85/100
Golden Brown
Bagelometer↗
Pulled from the oven just right. Trustworthy, fact-dense, deeply satisfying.
Score85TypeanalysisSentimentnegative
Summary
Bitcoin has been under sustained bearish pressure on Binance for 48 consecutive days, according to on-chain analysis from CryptoQuant. The pseudonymous analyst Crazzyblockk revealed an ongoing streak of Bitcoin selling on the world's largest cryptocurrency exchange, indicating prolonged sell pressure that extends beyond what recent price action alone would suggest.
Key quotes
· 2 pulledAccording to a recent on-chain analysis, the Bitcoin price has been under sell pressure on the largest cryptocurrency exchange for more than a week.
In a recent QuickTake post on CryptoQuant, a pseudonymous on-chain analyst, Crazzyblockk, revealed an ongoing streak of Bitcoin selling on Binance, the world's leading crypto exchange by
According to a recent on-chain analysis, the Bitcoin price has been under sell pressure on the largest crypto exchange for longer than a week.
You might also wanna read
Bitcoin Faces Longest Monthly Losing Streak Since 2018 Amid Risk-Off Sentiment
Bitcoin is on track for its fourth consecutive month of losses, marking its longest monthly losing streak since 2018. The cryptocurrency has
bloomberg.com·4mo ago
Bitcoin Drops to $61,322, Extending Losing Streak to Five Days Amid Middle East Tensions
Bitcoin fell for the fifth consecutive day, dropping to $61,322, its lowest level since before the Iran conflict. The decline is driven by t
bloomberg.com·3d ago