Svmuu News: Analyst Darkfost posted on X, stating that BTC has been trading sideways since it first tested the $60,000 level in February. After falling below $60,000 again a few days ago, there was a noticeable reaction from Binance, and OKX investors.More than 220,000 BTC flowed into Binance-related deposit addresses, and more than 330,000 BTC flowed into OKX-related deposit addresses, totaling over 550,000 BTC—exceeding the annual average of approximately 60,000 BTC on Binance andOKX’s annual average of approximately 95,000 BTC. This marks the largest inflow of the year, with the last time a similar scale was seen dating back to the previous bear market.
This data refers to BTC transfers sent to deposit addresses identified as linked to the hot wallets of Binance and OKX;In practice, when users plan to sell BTC on an exchange, funds are typically first transferred to a deposit address before being consolidated into the platform’s operational wallet. This inflow indicates that BTC’s retest of the $60,000 level prompted numerous investors on Binance and OKX to send BTC to their deposit addresses; the rise in inflows to major exchanges suggests increased potential selling pressure from investors.