Bitcoin (Bitcoin) inflows to the cryptocurrency exchange Binance have fallen to their lowest levels since 2023, signaling easing sell-side pressure as traders increasingly target a move toward the $80,000 level.

According to market data from CryptoQuant, inflows from mid-size wallets holding roughly 100 to 1,000 BTC have dropped to around 3,000 to 4,000 BTC on a seven-day average. Analysts view these wallets as a key indicator of short-term selling activity, as they often move funds to exchanges during distribution phases.

The decline in deposits suggests fewer investors are positioning coins for immediate selling, which could support bullish momentum in the market.

While Binance has seen cooling inflows, Coinbase recorded stronger activity, with around 8,500 BTC in inflows from similar wallets over the weekend. Analysts noted, however, that broader exchange inflows remain muted, indicating there is no clear sign of coordinated market-wide distribution.

Market observers say fragmented inflow activity reflects mixed sentiment rather than widespread selling pressure.

Additional on-chain data points to tightening supply conditions. Analysts noted Bitcoin’s 30-day net flows turned sharply negative in recent weeks, while exchange reserves have reportedly declined for seven consecutive weeks.

The continued withdrawal of coins from exchanges is often interpreted as a signal that investors are moving holdings into long-term storage rather than preparing to sell.

With selling pressure appearing contained and supply metrics showing strength, traders are increasingly watching the $80,000 level as the next major resistance target for Bitcoin.

Analysts cautioned that while lower inflows support bullish sentiment, broader macroeconomic and market conditions will still influence whether Bitcoin can sustain a breakout above key resistance.