Bitcoin Selling Pressure Fades as Binance Netflow Turns Negative

Bitcoin price is showing signs of easing selling pressure as Binance netflow data turns negative.

More coins are leaving exchanges than entering, pointing to a phase of holding rather than selling.

The market, however, remains cautious as prices struggle below key resistance levels this October.

Binance Netflow Shows More Holding Than Selling

Market data shows that selling pressure around Bitcoin is slowing down. Recent Binance netflow data indicate that more Bitcoin is leaving the exchange than entering it.

When the 30-day average of this data turns negative, it typically indicates that traders are withdrawing coins from exchanges to hold for the long term.

It is worth noting that this move suggests investors are not planning to sell in the short term.

Instead, they are likely keeping their Bitcoin in private wallets, which often happens when confidence grows after a correction.

Analysts explain that while daily inflows and outflows can often fluctuate, the 30-day average provides a clearer view of the actual market trend.

It is worth stating that in recent times, this outlook has been largely negative. This basically implies that more Bitcoin has been withdrawn than deposited.

Based on market observations, when that happens, it often marks an accumulation phase, where traders expect better prices ahead.

Still, the market has seen some caution. Bitcoin exchange-traded funds, also known as spot ETFs, recently recorded $40.5 million in outflows.

Per the trend, this brought their total net assets to $149.7 billion. Earlier this year, strong inflows helped Bitcoin climb close to $115,000; however, that momentum has since faded.

These ETF outflows suggest that some large investors are reducing their exposure for now.

Key Price Levels Could Decide Bitcoin’s Next Move

Analyst Rekt Capital noted that Bitcoin is facing resistance near its 21-week moving average.

This level is keeping the price from moving higher. The coin has been pushed back into an area where buyers have previously stepped in.

Maintaining this support is crucial if Bitcoin aims to form a higher low and remain within a healthy structure.

Earlier today, the Bitcoin price traded at $108,097, down 2.4% over the past 24 hours after being rejected near $110,500.

The next major support sits just above $107,000. If selling continues, $104,000 could be the next level to watch.

Market watchers are speculating that to regain strength, the Bitcoin price would need to close above $115,400.

Meanwhile, liquidations in the derivatives market added to the pressure. Approximately $88.9 million in Bitcoin long positions were liquidated in a single day.

Across all cryptocurrencies, the total reached $321.3 million. Most of these losses were incurred by traders who had used excessive leverage and entered the market after the last dip.

October Performance Faces a Possible Shift

Over the years, the month of October has been a crucial time for Bitcoin price movement.

Over the past five years, the month has ended in profit for the most part. However, this year is different.

In 2021, Bitcoin skyrocketed by up to 40%. In 2023, it increased by 28.5%, and in 2020, it rose by 28.1%.

Even in slower years, such as 2022, it still added 5.55%, while 2024 ended with an 11.2% rise.

However, 2025 is looking different so far. Bitcoin is down 4.94% in October, marking a departure from its typical trend of gains.

Analysts say the next few weeks are important to watch for the broader crypto market. If Bitcoin can stay above $107,000 and regain support, it may bounce back before the month ends.

If not, and Bitcoin ETF outflows plus sell-offs continue, prices could stay under pressure.

Despite the mixed signals, the negative Binance netflow indicates that many holders are not relinquishing their coins.

This withdrawal from exchanges may be a quiet sign of confidence. If this trend continues, it could help the market establish a stronger foundation for its next move.