Last week saw a significant surge in Bitcoin deposits to Binance, with over 64,000 unique addresses sending funds during the panic spike. This coincided with Bitcoin’s price drop from $124K to $107K. However, recent activity has slowed down considerably, with only around 40,000 addresses currently depositing funds, suggesting a reduced selling pressure. The increased inflows were linked to Bitcoin’s decline, with analysts suggesting traders were moving coins off the market during the correction. This pattern echoes past instances of significant price drops and intensified trading activity on exchanges. Data from CryptoQuant shows that deposit spikes coincided with falling prices, indicating increased selling pressure as the market corrected.