$BTC | 59,000 BTC Flood Binance — Capitulation or Setup?
Bitcoin is sitting at a make-or-break zone, and fear is showing up where it always does first: exchanges.
📉 Feb 2–3:
Binance recorded the largest BTC inflows of the year
→ 56,000–59,000 BTC moved onto the exchange
→ Price hovered near $74,000, a level many see as critical for the broader trend
This was not quiet accumulation.
🔻 Short-term holders capitulated
• Up to 54,000 BTC sold at a loss in a single day
• Clear signs of stress, forced selling, and emotional exits
• Binance absorbed most of the pressure due to its dominance in spot volume
That’s why sell-side tension looked so aggressive.
⚠️ But here’s the key context:
This scale of selling is not abnormal during market transitions.
Historically:
Panic inflows
Heavy realized losses
Oversold conditions
➡️ Often appear near local bottoms, not tops.
🧠 What matters now:
• Do inflows slow down?
• Do losses shrink?
• Does price stabilize despite selling?
If yes → capitulation → absorption → reversal
If not → final shakeout still ahead
📊 Watch the flows.
Price lies.
On-chain pressure doesn’t.
#crypto #OnChain #MarketStructure #Capitulation #Binance by best moment like and follow