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Binance mentions a bullish turn for Bitcoin

10h20 ▪ 3 min read ▪ by Luc Jose A.
Getting informed Centralized Exchange (CEX)
Summarize this article with:

The crypto market sends contradictory signals. Indeed, investor sentiment has just reached a historic low, reflecting a strong distrust towards bitcoin. At the same time, some data from Binance indicate a slowdown in selling pressure. This discrepancy between market psychology and real flows raises a central question: are we witnessing a simple technical lull or the beginnings of a lasting rebalancing?

A light projected from a Binance building onto the ground illuminates a winding path that climbs to a summit topped with a Bitcoin.

In brief

  • The crypto market faces a historic level of fear, marked by a collapse in investor sentiment.
  • The Crypto Fear & Greed Index hits a record in the extreme fear zone, illustrating widespread distrust.
  • Bitcoin remains stuck below a major resistance around 69,000 dollars, which maintains operator caution.
  • Binance’s on-chain data reveals a slowdown in selling pressure after several weeks dominated by sales.

A market sentiment at a historic low

The main highlight concerns the Crypto Fear & Greed Index, which reached its lowest level ever recorded.

The indicator has entered the extreme fear zone, reflecting widespread investor distrust towards the crypto market.

Specifically, this deterioration occurs in a specific context:

  • The Crypto Fear & Greed Index shows a historic floor in the extreme fear zone;
  • Bitcoin remains under pressure against a major technical resistance around 69,000 dollars;
  • The inability to sustainably reclaim this threshold maintains operator caution.

This combination of factors fuels a negative emotional dynamic, where investors favor risk reduction rather than aggressive positioning.

Binance observes a slowdown in Bitcoin sales

Alongside this extreme fear climate, an on-chain data draws attention. The Net Taker Flow on Binance turned positive again after several weeks dominated by sellers. This indicator measures the difference between buy and sell orders executed at market.

This change occurs after a prolonged phase of selling pressure on the platform. It is not a confirmed reversal signal, but a potential slowdown of sales. While the overall sentiment remains deeply negative, the real flows show a more marked buying activity on the largest global exchange.

In this extreme tension climate, the market moves without certainty. While some indicators suggest a slowdown in sales, caution remains dominant. At the same time, Binance denies the rumors of massive withdrawals, seeking to contain the concern. It remains to be seen whether this fragile balance will hold against the next shocks.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.