Bitcoin Holds Above $100,000 Despite 45 Days of Selling Pressure on Binance Derivatives

Bitcoin (BTC) has maintained a range between $100,000 and $110,000 since May 7, with brief dips to $98,000 in June that were quickly reversed. Recent analysis indicates that BTC has endured significant selling pressure on Binance Derivatives during this period.

According to a CryptoQuant Quicktake post by contributor BorisVest, taker users on Binance Derivatives have consistently engaged in sell-side activity for at least the past 45 days. The Cumulative Volume Delta (CVD) has remained negative throughout this time, indicating that aggressive selling orders have dominated market activity. Despite this, BTC has managed to maintain support above $100,000, absorbing the selling pressure without a significant price drop.

BorisVest noted that traders on Binance Derivatives are treating each BTC bounce or rally as a selling opportunity, opening aggressive short positions via market sell orders. However, this strong sell pressure has not been enough to push prices lower, suggesting that institutional or large players may be absorbing the selling activity in the background.

The analyst explained that the CVD metric, which aggregates both taker and maker activity, provides a real-time picture of net buy/sell pressure. The fact that CVD remains in decline confirms the dominance of sell-side flow. Yet, the inability of price to drop further despite this pressure may signal that Bitcoin is being absorbed by institutional or large players in the background.

Other analysts interpret the persistent selling pressure differently. For example, fellow CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is struggling to keep pace with the combined supply pressure from newly mined BTC and selling by long-term holders.

Bitcoin’s resilience in the face of heavy selling on Binance Derivatives has sparked speculation about a potential breakout. Several additional data points suggest that BTC may be poised to move into a higher price range soon. Recent on-chain data shows that “weak hands” are offloading their BTC holdings to larger, more established investors, indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, institutional interest in the asset continues to grow.

Additionally, the Bitcoin Yearly Percentage Trend suggests that BTC could top out around $205,000 by the end of 2025. At the time of reporting, BTC was trading at $108,589, up 0.4% in the past 24 hours.