Bitcoin Panic Selling Returns to Binance, Is BTC Price About to Bottom Out?

Key Insights:

• Bitcoin crypto inflows into Binance nearly doubled as panic selling returned during the latest BTC price decline.
• Market participants say the $60,000 to $61,000 zone remains the key support that could decide Bitcoin’s next move.
• Bitcoin’s chart against M1 money supply points to a major support retest as market views continue to differ

Bitcoin (BTC) crypto price is back under pressure after more coins flowed into Binance during the latest market drop. Market participants are now watching the $60,000 level closely as heavy selling meets fresh buying interest from long-term holders.

Bitcoin Selloff On Binance Grows As Traders Rush To Exchanges

Bitcoin price has dropped again, and many traders have started moving their coins to Binance. New data shared by market analyst Darkfost shows that Bitcoin inflows into the exchange have risen sharply as fear spreads across the market.

Since April 13, the average monthly inflow into Binance has increased from 3,880 BTC to 7,600 BTC. At a BTC price of around $63,000, that equals about $479 million worth of coins that could be sold.

This is not the first time this has happened. During the current bear market, every major price drop has been followed by higher exchange deposits. Many holders choose to send their Bitcoin to exchanges when they are worried about more losses.

The same pattern appeared in November 2025 when BTC crypto dropped to $84,000. At that time, average inflows on Binance climbed above 9,000 BTC. A similar move happened again in February 2026 when the price tested $60,000, and inflows reached about 8,800 BTC.

Bitcoin (BTC) Crypto Inflow Into Binance | Source: Darkfost

For now, the flow of coins into Binance remains high. Even so, Darkfost said deposits have started to slow as the correction continues. That may indicate that fewer people are rushing to sell than earlier in the decline.

The $60,000 level has become the most-watched BTC price in the market. Some holders are selling because they expect another drop. Others are buying because they believe the current weakness offers a good entry point. That battle is keeping the market close to the same price range.

When BTC Crypto Price Bull Market Could Return?

Not every analyst believes the market is ready for a full recovery. More Crypto Online said the recent price action still looks like a correction. The analyst does not see enough evidence to say the bull market has returned.

The main BTC price support area remains between $60,000 and $61,000. If buyers defend that zone and Bitcoin price starts a strong five-wave move higher, the market could see another rally. Even then, the analyst believes it would still be part of the correction instead of a new long-term uptrend.

Bitcoin Bull Market Analysis | Source: More Crypto Online

The first resistance stands between $62,457 and $63,053. A move above that range could improve market confidence, but the overall trend remains weak until stronger buying appears.

The next few trading sessions may give a clearer picture. If support holds, buyers could gain some control. If it fails, sellers may push prices lower again.

Bitcoin (BTC) Crypto vs M1 Gives Another View

Another market view came from analyst Gert van Lagen, who compared Bitcoin with the M1 money supply.

He said Bitcoin is now testing an important level on several timeframes. The 2018 horizontal resistance has already been broken and is now acting as support.

He also pointed to the 2025 downtrend for BTC price, which has been broken and is now going through a similar retest.

BTC Crypto vs M1 Analysis | Source: Gert van Lagen

Van Lagen believes this could matter more than the popular four-year cycle that many traders have followed for years. In his view, the market may be moving into a different phase where older patterns no longer explain every move.

For now, Bitcoin (BTC) price remains close to a key support level. Selling pressure is still present, but the pace of exchange inflows has started to ease. The coming days should show whether buyers can hold the line or whether another wave of selling is still ahead.

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