Bitcoin inflows to Binance drop to 5,147 BTC, reaching a multi-month low, while BTC price remains above $105,000.
Reduced selling pressure and rising demand indicate an early-stage bullish cycle for Bitcoin, supported by on-chain data.
This drop in inflows signals a shift among investors towards holding rather than selling, potentially leading to a reduced supply on exchanges.
While on-chain data and technical indicators suggest a positive outlook for Bitcoin, external factors like macroeconomic uncertainty could impact short-term momentum.