Bitcoin flowing into Binance while bleeding out of Coinbase.

This divergence usually signals sideways chop incoming. When exchanges split like this, it's typically not bullish momentum—more like distribution phase or pre-consolidation.

Watch for:
• Binance inflows = potential sell pressure
• Coinbase outflows = retail/institutional moving to cold storage or derisking

If $BTC can't reclaim key levels soon, expect range-bound PA. Don't chase here.