An analysis of Binance's netflow data over the past 90 days reveals a clear trend: whenever the Netflow SMA14 enters positive territory, Bitcoin typically experiences short-term selling pressure and minor corrections. Conversely, as we observe today, the Netflow SMA14 dipping into negative territory signals a potential short-term bullish shift for Bitcoin.
January 6, 2025 Binance Netflow and SMA14 Data:
Binance Netflow: -5,407
Binance Netflow SMA14: -483
In summary, both metrics confirm that investor behavior on Binance is leaning toward accumulation. This trend strongly supports the case for upward movement in Bitcoin's price over the short term.
Written by burakkesmeci
