Binance retail traders drove over $1B in Bitcoin sales, marking renewed short-term selling pressure across the exchange.
Massive ETF outflows from BlackRock, Fidelity, and Grayscale signal retail panic and short-term market stress.
A massive sell-off has rocked the Bitcoin market once again. On October 30th, retail traders on Binance dumped over 9,200 BTC, equivalent to approximately $1 billion.
This figure is not only striking, but also indicates that the selling pressure from short-term players has not subsided. Data shared by on-chain analyst Amr Taha on CryptoQuant shows that a similar spike occurred on October 22nd, when over 12,000 BTC were sold at around $108,300.
Interestingly, these transactions occurred at a time when the market was not in a state of global panic. This means that Binance retail traders appear to be acting on fear triggered by technical signals or previous actions, rather than major macro news.
On the other hand, their actions have put long-term holders in
