Spot trading volume on Binance has increased, which could indicate investor activity buying or selling the asset.
Bitcoin has reached an all-time high, but as the price has begun to decline, investors are likely taking profits.
Bitcoin inflows on Binance have also increased, which often indicates a sell-off.
Stablecoin activity on Binance has also increased, although their reserves are decreasing.
High trading volume, partly driven by stablecoins and Bitcoin inflows, could indicate profit-taking by Binance investors.
The decline in stablecoin reserves suggests a decrease in buying pressure, which could affect market dynamics.