Recently, the flow of Bitcoin into major exchanges has shown divergence. Data indicates that the amount of Bitcoin flowing into Binance has dropped to its lowest level since 2023, suggesting that selling pressure on the platform is easing. Meanwhile, Bitcoin inflow activity on Coinbase has been more significant, reflecting different market participation behaviors. This divergence in fund flows is often seen as an indicator of the movements of institutional and retail investors.
Against the backdrop of improving market structure, Bitcoin bulls are setting the next key target price at $80,000. A net outflow or slowdown in inflows from exchanges is often interpreted as holders preferring to accumulate rather than sell, which could provide support for further price increases.