This is one of the data trends showing the clearest correlation during the current down cycle. The correlation between rising Bitcoin reserves on Binance and Bitcoin price movement has been remarkably clear. And even after I posted about this two days ago, Binance Bitcoin reserves have continued to rise sharply. Over the past month alone, approximately 40,000 BTC has flowed into Binance. In other words, potential sell-side pressure sitting on the exchange continues to increase. From my perspective, this situation does not look positive at all.(mignolet)