"Bitcoin Binance Flows Reach Peak, Is This a Sign of Final Cleaning?"

The influx of Bitcoin (BTC) to the Binance exchange reaching a multi-month peak is being viewed as a significant signal that the market is nearing the final stages of its correction. Following the extraordinary liquidations that occurred at the beginning of October, a risk-averse tendency is showing up among investors again. While some investors are acting to secure their profits and reduce their positions, this situation is particularly reflected in the daily amount of Bitcoin sent to Binance throughout October.

According to data shared by a CryptoQuant analyst, the 30-day moving average of Bitcoin flowing into exchanges has reached approximately 7,500 Bitcoin per day. This figure indicates the highest exchange inflow seen since the correction in March. Despite the increased inflows, the Bitcoin price is forming a healthy consolidation zone around 100,000 dollars. This situation suggests that the current selling pressure is being absorbed by strong demand.

On the other hand, it is also observed that the selling pressure is not only coming from long-term investors. Short-term investors (represented by STH) are also playing an active role in this process. This group, trading at an average price level of 112,000 dollars, has been incurring losses for the past month and has been sending Bitcoin to exchanges at a loss intensely in recent weeks. CryptoQuant analysts note that periods when STHs sell at a loss have historically been considered cleaning phases, indicating that these stages signal the nearing end of cyclical corrections and a move towards a healthier market.

Historical data shows that during periods of increased surrender among short-term investors, the overall market sellers weaken. This situation holds the potential to open the door to a new recovery in the upcoming process. Therefore, while the current inflows may initially seem to increase selling pressure, they can be interpreted as the last turmoil before an upward movement from a historical perspective. It is critically important for investors to continue monitoring these market dynamics for evaluating future price movements.