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Bitcoin inflows to Binance hit $479M as traders panic sell near $60K price level

Market News
24 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin deposits to Binance have nearly doubled since mid-April 2026, reaching about 7,600 BTC monthly, or roughly $479 million at current prices. This surge reflects growing trader fear after Bitcoin dipped below the key psychological level of $60,000, prompting increased selling pressure on the largest crypto exchange. Similar patterns were seen when Bitcoin traded near $84,000 in late 2025. Combined with over $1.6 billion in Bitcoin ETF outflows in June 2026, this indicates significant market nervousness. Investors should watch whether inflows return to previous levels or continue rising, as this will signal if the panic selling is easing or if supply pressure remains high, affecting Bitcoin's price recovery prospects.

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