🚨 $BTC is showing early signs of a distribution phase. Miner outflows have surged (+564%), while 18–24 month-old coins are flowing onto Binance, signaling that experienced holders may be taking profits. At the same time, Binance stablecoin liquidity remains weak (averaging -$126M daily), yet funding rates have turned positive—showing leveraged longs are increasing despite fading spot demand. This divergence between rising spot supply and aggressive long positioning raises the risk of a long squeeze if fresh liquidity fails to enter the market. For now, sustained stablecoin inflows will be key to absorbing distribution and confirming a stronger market floor. #Bitcoin #BTC #OnChain #Binance #CryptoMarket