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Bitcoin Selling Pressure Intensifies as Binance Records Massive Inflows Amid Price Correction
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Bitcoin Ethereum NewsBitcoin Selling Pressure Intensifies as Binance Records Massive Inflows Amid Price Correction
TLDR: Binance recorded 56,000-59,000 BTC inflows on February 2-3, marking the largest deposits since January started. Short-term holders transferred 54,000 BTC at a loss on February 2nd, signaling panic selling at $74,000 support. Institutional supply of 155,000 BTC sits underwater between $85K-$95K, creating potential distribution resistance. Analysts forecast Bitcoin decline to $50,000 by Q2 2025 following anticipated bounce to $85,000-$95…
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