Between February 2 and 3, Binance received its largest Bitcoin inflow of the year, with approximately 56,000 to 59,000 BTC deposited. This surge in deposits, mostly from short-term holders selling at a loss, reflects increased fear as BTC neared the $74,000 long-term trend line. Analyst Darkfrost interprets the heavy selling pressure as a sign that Bitcoin has entered an oversold territory, a typical precursor to market bottoms formed by investor capitulation.

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