On-chain analyst DarkPost analyzed that Bitcoin has been net deposited into Binance, the world's largest cryptocurrency exchange, for 10 consecutive days, which could be interpreted as a potential sell signal. He explained, "As of the 16th, Binance's weekly average BTC inflow was around 378 BTC, but as of today, it has increased to 1,190 BTC. It surged approximately threefold in 10 days. Notably, on the 18th, over 3,600 BTC flowed in within a single day. As a result, the BTC balance in Binance's wallet increased by approximately 16,000 BTC, from a low of 616,000 BTC recorded on April 24th to 632,000 BTC in just one month. Holders depositing BTC to exchanges is interpreted as being for purposes such as profit-taking, reducing positions, or more defensive asset reallocation. Therefore, a continuous inflow trend on exchanges like Binance can be interpreted as a potential sell signal."
