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Key Takeaways What’s driving Bitcoin’s recent price decline?  Increased selling pressure on Binance is the primary driver, as indicated by multiple bearish market indicators. Is Bitcoin’s bull cycle over?  No, on-chain data and whale accumulation suggest the broader bullish trend remains intact despite short-term weakness. Since rebounding to $116k days ago, Bitcoin [BTC] has dropped sharply, hitting a low of $110k.  In fact, at press time, Bitcoin was trading at $110,641, marking a 1.76% decline over the past 24 hours. This dip extends a weekly bearish trend, declining by approximately 9.28%.  Amid the recent price drop, crypto investors are actively debating the cause of Bitcoin’s weakness, with CryptoQuant pointing to increased selling activity from Binance traders. Binance drives Bitcoin’s decline According to CryptoQuant, Bitcoin’s recent decline was primarily driven by increased selling pressure on Binance. Three key market indicators point to Binance leading the current sell-off. To begin with, the Coinbase Premium remains relatively high, even as Bitcoin’s price continues to decline. Source: CryptoQuant With this metric holding positive while price drops, it implies that selling pressure from Binance has outweighed the buying interest from U.S. investors.  Secondly, although Bitcoin’s Funding Rate has remained positive across all other exchanges, it has held negative for four consecutive days on Binance. Source: CryptoQuant This divergence suggests that traders on Binance are aggressively positioning themselves for a short-term downside move.  Finally, Bitcoin’s Taker Buy Sell Ratio has declined to its lowest levels in more than a year, reflecting aggressive selling. Thus, investors in the derivatives market are mostly closing positions.  Source: CryptoQuant In fact, Futures Taker CVD has remained red throughout the past week, further confirming seller dominance in the Futures.  Cumulatively, these three market indicators suggest that the current Bitcoin market drop is primarily driven by Binance activity.  Source: CryptoQuant Is the…

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Filed under: News - @ October 16, 2025 7:29 pm