Binance has absorbed nearly 80% of Bitcoin's net selling pressure across major exchanges, handling $4.3 billion worth of BTC inflows during a recent price drop. Despite not controlling the largest volume overall, Binance acts as the structural price discovery hub, heavily influencing market prices due to its deep liquidity and derivatives dominance. Market scenarios outline that continued selling pressure on Binance could cause volatility and price segmentation, while improving liquidity and ETF inflows could restore normal price convergence.

#BTC #ETF