Sellers Ready to Counter the Rise

Recently, Bitcoin's price has been recovering after a drop around 68K. Simultaneously, exchange reserves are rising. This means that coin inflows to Binance are increasing. As you know, whales and institutional investors predominantly use Binance due to its high trading volume. Therefore, this chart appears quite significant.

An increase in exchange reserves indicates that investors are moving coins from cold wallets to exchanges, meaning they are activating their sell options. While this doesn't directly mean selling, even a 1-2K price increase shows an increase in exchange reserves, indicating increased liquidity ready for sale.

Normally, during a healthy rise, reserves decrease as the price increases, but here it's the opposite. Supply is entering the market during the rise. Whales seem likely to turn these rebound rallies into sell-offs.

The same pattern is seen several times in the chart. When this pattern occurs, i.e., an increase in reserves, it generally creates pressure on the price.

In the current situation, I can say that the rise will be met with selling, and the decline will continue. $BTC #bitcoin