Haciyev Reşit 
The sharp decline in the Bitcoin market that began over the weekend and deepened further on Monday has put significant pressure on short-term investors in particular. Rising volatility and the breakdown of critical support levels have intensified panic across the market. As Bitcoin fell below $73,000, investors’ risk-off behavior became more pronounced. During this period, on-chain data revealed extraordinarily large Bitcoin transfers heading toward the Binance exchange. According to experts, this heavy BTC inflow to exchanges signals that investors may be preparing to sell, while also indicating that the market has entered a critical decision-making phase.
Nearly 60,000 BTC Inflow to Binance
According to data from the on-chain analytics platform CryptoQuant, between February 2–3, between 56,000 and 59,000 BTC were transferred to the Binance exchange. This marked the highest daily BTC inflow to Binance so far this year, forming a notable threshold for the market. These transfers accelerated during the hours when Bitcoin slipped below $73,000, suggesting that a significant portion of investors were preparing to sell. In particular, short-term position holders appear to have moved their assets to exchanges to reduce risk amid the sharp price pullback. Experts note that such heavy exchange inflows tend to increase short-term selling pressure and signal that market psychology is approaching panic territory.
CryptoQuant analyst Darkfost stated that panic selling was the primary motivation behind the recent transfers. According to Darkfost, the $74,000 level represented a critical long-term support zone for the market.
Darkfost commented as follows:
“Binance recorded its highest daily BTC transfer of 2026 on February 2–3. Between 56,000 and 59,000 BTC flowed into the exchange. Short-term investors who are sensitive to price volatility panicked significantly once the $74,000 level was reached. Approximately 54,000 BTC of the transferred amount was at a loss.”
This statement indicates that a substantial portion of investors have begun to sell at a loss.
Strong Selling Pressure — Or a Bottom Signal?
While Darkfost acknowledged that these transfers have created serious selling pressure in the market, he also emphasized another important point. Historically, such intense exchange inflows are often observed near market bottoms.
“These transfers create real and strong selling pressure. However, they can also be a bottom indicator. Bitcoin has now entered an oversold zone. Market bottoms typically form during moments of panic, when investors capitulate and sell.”
This interpretation suggests that the current movements may not only represent a downturn but could also be part of a potential bottom-formation process.
Short-Term Panic, Long-Term Uncertainty
The latest data shows that the record BTC inflows into Binance are largely driven by short-term investor behavior. According to experts, while this suggests volatility may remain elevated in the short term, it also offers an important signal for long-term investors that market psychology has entered an extreme fear zone. Bitcoin’s reaction around the $73,000–$74,000 range in the coming days will determine whether these transfers evolve into a sustained sell-off or turn into a classic panic-bottom scenario.
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