- Binance saw $1.2B in stablecoin outflows as Bitcoin hovered near $77K amid rising volatility fears.
- Bitcoin traders brace for sharp weekend swings as ETF outflows and weak demand pressure sentiment.
- Binance futures data points to growing liquidation risks as leveraged Bitcoin positions continue building.
Bitcoin is heading into another volatile session after Binance recorded $1.2 billion in stablecoin outflows, with nearly $1 billion linked to USDT withdrawals, according to CryptoQuant analyst BorisD.
The move comes as Bitcoin trades around $77,600 and struggles to regain momentum following recent declines. Market participants are now positioning for sharper price swings ahead of the weekend. Meanwhile, weaker spot demand and continued ETF outflows are adding pressure to broader crypto market sentiment.
Binance Flows Signal Bitcoin Volatility Shift
BorisD said stablecoin flows on Binance often reflect how traders position themselves during uncertain conditions. He noted that large inflows near resistance levels usually point to profit-taking or new short positions. On the other hand, outflows after a correction can signal that traders are closing profitable shorts or moving funds into cold storage to reduce risk.
He added that the latest activity suggests caution is growing across the market. As a result, BorisD expects Bitcoin to remain in a short-term consolidation phase, with liquidity-driven volatility and sudden price moves likely to impact leveraged positions in the coming sessions.
Binance Data Shows Rising Market Fragility
Another signal by BorisD suggested the buying and selling activities on Binance were declining as BTC retreated from the $82,000 mark. The trader claimed that due to the upcoming market opening for the week, traders were already starting to take profits.
Even with increased selling pressure, Binance data showed bears were unable to force Bitcoin below $77,000. During Bitcoin’s first drop toward $77,000, Binance Net Taker Volume fell to negative $50 million. Buyers, however, absorbed much of the selling pressure and prevented a deeper decline.
On the second retest of the level, the negative volume narrowed to around $20 million, a sign that bearish momentum was beginning to weaken. Based on that shift, BorisD said Bitcoin could attempt a rebound toward the $79,000 to $80,000 range.
At the same time, he warned that downside risks remain in place. According to BorisD, a failure to hold above $77,600 could open the door for a sharper decline toward $72,000. Weak trading activity and heavy resistance at higher price levels continue to limit bullish momentum, particularly across the derivatives market.
Related: Bitcoin Faces Familiar Bearish Pattern as Analysts Warn of 2022-Style Breakdown Risk
Liquidation Risks Grow Across Futures Markets
BorisD had earlier warned that leverage levels on Binance futures were becoming increasingly stretched as Bitcoin hovered near the $77,000 range. According to the analyst, the growing correlation between Bitcoin’s price and rising open interest pointed to a market vulnerable to sudden liquidations.
He said traders opening late short positions around $77,000 could become easy targets for rapid price moves. As a result, BorisD expects short-term upside volatility as market makers hunt liquidity before broader bearish pressure potentially returns. He described the current environment as a “liquidity trap,” where both bullish and bearish leveraged traders risk being caught by sudden swings.
At the same time, on-chain data from Glassnode showed signs of weakening spot demand during Bitcoin’s recent pullback into the high-$70,000 range. The firm reported negative spot cumulative volume delta, an indicator that selling activity outweighed buying pressure in the spot market.
The date revealed that Bitcoin’s move back above the market’s true mean price near $78,300 remains an important level for traders. However, the firm added that markets typically go through months of consolidation before a stronger and more sustainable bullish trend takes hold.
Macro Developments Add New Market Pressure
As of writing, CoinMarketCap data shows Bitcoin traded around $77,960 after briefly climbing to an intraday high of $78,180, as market sentiment showed signs of stabilizing following several days of volatility.
Risk appetite improved after Donald Trump said negotiations with Iran could be nearing a resolution, easing concerns about potential disruptions in the Strait of Hormuz. Oil prices moved lower following the comments, helping reduce some pressure across broader financial markets.
Investor sentiment also improved as outflows from US spot Bitcoin ETFs slowed significantly. Total withdrawals fell to about $70 million on Wednesday, a sharp decline from the heavier outflows recorded earlier in the week.
Related: 30% of All Bitcoin Is Already Exposed to Quantum Attack: Report
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