Binance reserves just hit $42 billion, but Bitcoin may be flashing a warning!

Data also revealed that Bitcoin’s 30-day average retail inflows hit $18 billion, the same threshold seen before major corrections in August and September.

Both instances preceded short-term pullbacks within weeks. So, another cooling phase could be near.

Source: Cryptoquant

Meanwhile, outflows worth $648M USDC from Coinbase Advanced on 11 October hinted at decreasing buying power across exchanges. This is a trend that could amplify short-term downside pressure, if sustained.

Buyers show early signs of return, but pressure persists

Following days of aggressive selling, Bitcoin’s taker imbalance has been negative. In fact, sell orders still outweigh buys on Binance. While slight positive readings on 12 October hinted at a tentative buyer comeback, overall momentum was still weak at press time.

Source: Cryptoquant

The market’s brief rebound attempts below $118K lacked strong follow-through, proving limited conviction among bulls.

Unless buy-side volume strengthens meaningfully, Bitcoin could face downward pressure in the short term. For now, this fragile equilibrium hinges on whether buyers can rebuild confidence before sellers seize control again.