Bitcoin News Today: Bitcoin faces selling pressure as Binance netflow turns positive and whales offload holdings

Generated by AI AgentCoin World
Sunday, Aug 17, 2025 9:16 pm ET1min read
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Aime RobotAime Summary

- CryptoQuant's BorisVest predicts Bitcoin faces 1-2 weeks of selling pressure as on-chain data shows increased distribution activity.

- Positive netflow on Binance and rising exchange reserves indicate whales are offloading holdings after $124,000 peak.

- Aggressive perpetual-spot price gaps and Binance dominance suggest large sell orders could outweigh new buyers.

- Despite 1% 24-hour price rise, $117,490 level shows limited breakout potential amid ongoing consolidation.

Bitcoin is expected to face selling pressure over the next one to two weeks, according to on-chain analysis from CryptoQuant's pseudonymous analyst BorisVest. The cryptocurrency briefly hit an all-time high of $124,000 on August 14 before retreating to approximately $118,000. As of August 16, the price remained around the $118,000 level, with signs indicating a period of consolidation [1].

The analyst pointed to key on-chain indicators such as

Bitcoin
Netflow and Exchange Reserves to support the outlook. According to data from CryptoQuant, Bitcoin netflow has turned positive on Binance, the world’s largest cryptocurrency exchange by trading volume. This trend reflects that more coins are being deposited onto the exchange than withdrawn, suggesting that holders are preparing to sell [1].

BorisVest explained that this activity is indicative of a distribution phase, where larger holders—often referred to as "whales"—are offloading their holdings, especially in the wake of Bitcoin reaching a new peak. The rising exchange reserves on Binance further reinforce this idea, as investors tend to send their coins to exchanges to take profits [1].

The analyst also noted that the Perpetual-Spot Price

Gap
has shown aggressive buying, creating an environment favorable for selling pressure. Despite this, new buyers have been entering the market, balancing the activity but not necessarily absorbing the large volumes of sell orders. Binance’s dominance in the trading landscape means that its users’ actions—especially large sell-offs—can significantly influence the Bitcoin price [1].

While the overall long-term upward trend remains intact, the immediate outlook is more bearish due to increased distribution activity and market volatility. The price has shown limited ability to break out of a range around $118,000 and could remain under pressure as on-chain activity continues to favor selling [1].

As of the latest data, Bitcoin is valued at approximately $117,490, showing a slight 1% increase in the past 24 hours. However, this rise is not necessarily a sign of a resumption of the bullish trend, as underlying on-chain metrics continue to suggest distribution [1].

Source:

[1] Bitcoin Price To Face Selling Pressure Over Next 1-2 Weeks — Here’s Why (https://www.newsbtc.com/news/bitcoin/bitcoin-price-to-face-seling-pressure-heres-why/)