Bitcoin Sell-Off Could Be Nearing Exhaustion, Binance Data Suggests
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Bitcoin slipped below $77,000 amid renewed Middle East tensions and an oil surge above $107 a barrel, pulling the total crypto market cap down 1.45% to $2.56 trillion while Ethereum fell to $2,122 and XRP traded at $1.39. Binance Research reports long-term holders are not selling, exchange Bitcoin supply is at its lowest in nearly six years and four on-chain indicators point to sell-side exhaustion, a bullish sign for crypto CEX liquidity, potential price stabilization and longer-term adoption.
Predictions Markets
See what traders are focused on
- Bitcoin slipped below $77K as geopolitical tensions shook markets globally.
- Binance Research says long-term Bitcoin holders continue to avoid selling.
- The exchange Bitcoin supply dropped to its lowest level in nearly six years.
Bitcoin dropped below $77,000 as Middle East tensions returned to the headlines. US oil prices surged above $107 a barrel after President Trump warned Iran that “the clock is ticking,” sending crypto markets and global risk assets lower in tandem.
The total crypto market cap fell 1.45% to $2.56 trillion. Ethereum slipped to $2,122. XRP traded at $1.39.
What Binance Research Just Found
While the price action grabbed attention, Binance Research published an analysis pointing to four separate on-chain indicators that all suggest sell-side pressure on Bitcoin is approaching exhaustion.
Nearly 60% of all Bitcoin has not moved in over a y…
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