📊 Bitcoin & Binance Market Moves:
Binance reported its monthly Proof of Reserves update showing ~639,000 BTC held on the exchange, a modest increase from last month and a sign of steady BTC holdings among users. �
Bitcoin price weakness continued recently — global markets saw BTC dip below key support levels (including below ~$63 K), with risk assets like XRP and alts under pressure too. �
Despite volatility, Binance dominated global BTC spot trading volumes, posting huge numbers and capturing a large share of market activity. �
💹 Liquidity, Flows & Market Signals
Crypto investment products (including Bitcoin funds) saw net outflows last week, marking the fifth consecutive weekly withdrawal — often seen as a bearish short-term signal. �
Large whale flows continue to impact BTC balances on Binance — both big deposits and recent withdrawals (hundreds of BTC) show active on-chain transfer activity. �
📈 Context & What It Could Mean
A rise in BTC on Binance wallets might signal large traders preparing to sell or reposition — traders watch this metric as a possible sell pressure indicator. �
Combined with global market volatility, Bitcoin remains in a cautious phase, with price action and macro sentiment closely eyed by investors. �
⚠️ Note: Prices and market situations can change rapidly — always check Binance and reliable price charts for real-time BTC quotes before trading.
#BTCMiningDifficultyIncrease #StrategyBTCPurchase #BTCVSGOLD #BTCDropsbelow #USJobsData