On-chain data from Binance reveals a critical warning for Bitcoin. The 30-day moving average (SMA) of total exchange inflows reached a 2025 peak of 9.17K on November 28th. This is a significant bearish indicator, suggesting that selling pressure is at its highest level this year.
Historically, peaks in this metric have preceded major price corrections. We observed a similar significant spike in March 2025, which was immediately followed by a sharp downturn in BTC’s price. The current peak confirms a sustained trend of investors moving their BTC onto the exchange, likely to take profits or de-risk their positions.
While the price is currently attempting to hold the $92.8K level, this immense and growing supply on Binance acts as a powerful headwind. The market must absorb this sell-side liquidity before any sustainable upward momentum can be established. This data urges extreme caution, as the risk of a significant price drop has increased substantially. The historical precedent is too strong to ignore.
Written by CryptoOnchain
