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Bitcoin Price Action: 3 Key Signals of Rising BTC Selling Pressure
Recent Bitcoin exchange data suggests the market is facing stronger spot-side selling pressure, as Binance inflows remain elevated while exchange reserves recover from April lows. CryptoQuant analyst Darkfost noted that the shift emerged during a broader market correction shaped by geopolitical tensions and risk-off sentiment.
The data points to three interconnected signals behind the pressure: persistent Binance deposits, declining apparent demand, and weaker unrealized profits. Together, they help explain why traders are closely watching whether recent inflows reflect profit-taking, reduced exposure, or defensive repositioning.
Binance Inflows Signal Growing Exchange Pressure
The first signal is the sharp rise in Bitcoin inflows to Binance. On May 16, the weekly average stood at 378 BTC. According to the latest figures, that number climbed to 1,190 BTC — more than tripling in less than 10 days.
Source: CryptoQuant
The largest single-day inflow occurred on May 18, when more than 3,600 BTC were transferred to Binance. Darkfost described this as a relatively high one-day figure that demonstrates the intensity of the movement.
Exchange inflows are closely monitored because coins moved onto trading platforms are often associated with selling activity, profit-taking, or defensive portfolio adjustments. While inflows alone do not confirm every holder’s intentions, sustained increases generally point to greater available supply on exchanges.
A second related signal is the rebound in Binance reserves. Exchange holdings increased from approximately 616,000 BTC on April 24 to around 632,000 BTC, adding roughly 16,000 BTC over the past month. This recovery followed a period of declining reserves, making the recent reversal particularly noticeable.
Demand Has Fallen to the Weakest Level of the Year
Darkfost also highlighted the apparent demand metric, which has dropped to its most negative level of the year. The estimate now sits near minus 147,000 BTC, reflecting bearish conditions last seen in December 2025.
Source: CryptoQuant
Apparent demand compares newly issued supply with coins that have remained inactive for more than a year. The metric is commonly used to evaluate whether long-term accumulation is strong enough to absorb fresh supply entering the market.
However, the latest data shows demand continuing to weaken. According to Darkfost, sustainable rallies typically require genuine spot demand, whereas futures-driven momentum can only support short-term price movements.
Profitable Supply Remains Below Typical Bull Market Levels
The third signal comes from the profitable supply metric. Roughly 61% of Bitcoin’s circulating supply is currently held at a profit, which Darkfost says remains relatively weak compared to historical bull market conditions.
During stronger bullish phases, profitable supply usually exceeds 75%. By contrast, bear market periods are associated with much higher levels of underwater holdings, with nearly 45% of supply held at a loss.
Source: CryptoQuant
When Bitcoin previously dropped below $60,000, profitable supply nearly balanced out at around 51.1%. The current reading of 61% suggests holders still have less unrealized profit than is typically seen during stronger market expansions.
Taken together, these three signals help explain why selling pressure has become a central market theme. Binance inflows have increased, reserves are rebuilding, demand is weakening, and profit cushions remain below historical bull market norms.
See also: "Bitcoin Falls Below $77,000 Amid Uncertainty Over Iran"
