The recent BTC sell-off below $60 000 triggered a new wave of panic among some investors, pushing them to move their BTC back onto exchanges. On Binance, this translated into a concrete doubling of average monthly inflows since April 13th, rising from 3 880 BTC to 7 600 BTC.

This behavior comes as no surprise.

Since the start of this bear market, every drop below a key psychological level has triggered the same reflex, an acceleration of exchange deposits, signaling that some holders are looking for the exit. Previous episodes make this clear: in November 2025, when BTC fell to $84 000, average inflows on Binance climbed to over 9 000 BTC. In February 2026, during the test of $60 000, they came in at 8 800 BTC.

These inflows remain relatively elevated today and represent persistent short-term selling pressure.

At 7 600 BTC and a price around $63 000, that's roughly $479 million in potential sell-side pressure sitting on Binance alone.

The $60,000 level has gradually become a genuine battleground, where the confrontation between weak hands and strong hands is at its most intense. On one side, those who panic and sell. On the other, those who use the weakness to accumulate. It is at this price that the transfer of BTC between these two types of investors is currently at its highest.

Written by Darkfost