Technical analysis by cryptoonchain about Symbol BTC: Sell recommendation (3 hour ago)

Technical & On-Chain Outlook: After losing the $90K support level, Bitcoin has settled into a clear Range Zone between $70,000 and $90,000. As seen on the technical chart, price action found support near the Point of Control (POC) and is now rallying to test the Range High at $90K. Binance Netflows: Bearish Divergence Appears Binance’s 7-day cumulative netflow data highlights a potentially bearish setup: 1. Heavy Asset Inflows (Bearish Signal) Large amounts of crypto assets have been deposited into Binance: $2 Billion in BTC $500M in XRP $315M in ETH Such large inflows typically indicate an intention to sell. 2. Weak Stablecoin Buying Power Stablecoin movements show limited demand: $1.4B USDT flowed into the exchange $665M USDC flowed out ➡️ Net stablecoin inflow: ~$735 Million This represents the actual available buying power on Binance. Conclusion A clear supply-demand imbalance is forming: Potential selling pressure: ~$2.8B (Crypto assets) Available buying power: ~$0.735B (Stablecoins) This strongly suggests that short-term investors are preparing to sell at the range ceiling. Without a renewed wave of stablecoin liquidity, a clean breakout above $90K is unlikely. A rejection from the range high and continuation within the $70K–$90K range appears to be the more probable scenario.