Crypto
Binance Bitcoin Reserve Surges by 6,535 BTC, Price Dip Ahead?
Bitcoin reserves on exchanges continue to rise, while consecutive spot BTC ETF outflows raise concerns over a potential price dip.
13d ago 4,280
BLOCKINSIDERLoadingBitcoin reserves on exchanges continue to rise, while consecutive spot BTC ETF outflows raise concerns over a potential price dip.
Bitcoin (BTC) climbed 1.24%, but the risk of a potential price dip remains, as a massive surge in the exchange reserves, alongside outflows from spot Exchange-Traded Funds (ETFs), has been spotted.
According to CryptoQuant, Binance's Bitcoin exchange reserves continue to rise alongside the price, a trend analysts say is worth watching. Data shows that over the past week, Binance’s BTC reserve has surged from 648,689 BTC to 655,224 BTC, a rise of 6,535 BTC.
In crypto, rising exchange reserves typically act as a bearish signal, as investors move their assets from wallets to exchanges for a potential selloff.
However, institutional interest in BTC also appears to be fading gradually, as reflected in the U.S. spot BTC ETFs. According to data from SoSoValue, U.S. spot ETFs recorded consecutive outflows of $225.15 million on July 23, 2026, and $240 million on July 24, 2026. If spot ETF outflows continue, they could negatively impact the BTC price.
In fact, an analyst at CryptoQuant, an on-chain platform, disclosed that there’s a big liquidity cluster between $61,500 and $60,000.
The analyst on X further stated, “It’s possible the market comes to liquidate this cluster over the next few days…”
Continued outflows from spot Bitcoin ETFs could also weigh on overall market sentiment, especially if institutional investors remain cautious in the coming sessions.
Looking at the daily chart on TradingView, BTC’s short-term bias appears bearish, as the price seems to have been rejected at a key resistance level near $66,650. The recent rejection from this key level marked the second such rejection since June 2, 2026. During the previous rejection, on June 16, 2026, the price dipped 12.50% to $58,270.
Based on the price action at press time, if this time BTC price remains below the $66,650 level, it could see sharp downside momentum. In this case, the price could face a modest ~4.80% fall and may reach the $61,800 level in the coming days.
However, BTC’s upside rally could only be possible if it clears the key resistance level at $66,650. In this scenario, the asset could see a price jump of 8.40% and may reach the $72,800 level in the coming days.
Alongside short-term bias, BTC's broader market structure also appears bearish, as the price continues to trade below the 200-day Exponential Moving Average (EMA), indicating seller dominance.
Meanwhile, the Average Directional Index (ADX) continues to decline and currently reads 15.86, below the key threshold of 25, indicating weak trend strength. This suggests that BTC's current trend may be weakening.
From the derivatives side, it appears that intraday traders are eyeing a potential price decline. At press time, CoinGlass's BTC long/short ratio reads 0.98, indicating strong bearish sentiment among traders.
Meanwhile, $63,915 on the lower side and $65,858 on the upper side are the two major liquidation levels. In fact, traders at these levels are overleveraged, having built $466 million worth of long-leveraged positions and $477.24 million worth of short-leveraged positions.
When these datasets are combined, it appears that BTC's short-term bias remains bearish despite today's price jump.
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