On Binance alone, short-term holder losses hit -16,400 BTC on June 2. Across all exchanges, that figure reached -38,700 BTC, down slightly from -41,300 BTC recorded on May 28. Data shows these are buyers from recent months who are now exiting positions at a loss.
Analyst MorenoDV, who tracked the retail flow data, said exchange inflows don’t automatically mean selling is coming, but they tend to show up before stretches of sharper volatility. If buy-side demand absorbs the inflows, the spike could turn into a local exhaustion point — but if it doesn’t, it may mark the start of broader distribution from weaker hands, MorenoDV said.
$60K Zone Draws All EyesFrom a technical standpoint, Bitcoin has broken below two previously held support levels at $74,800 and $70,400. The eight-hour RSI fell to 30.4 on June 2, its lowest since February 6, pointing to oversold conditions and sustained downward pressure.
Charts point to a liquidity cluster between $62,300 and $65,600, which overlaps with a demand zone stretching toward $60,000. Veteran trader Peter Brandt identified a broader concern, noting that Bitcoin appears to be forming an expanding triangle pattern on the daily chart.
Featured image from MetaAI, chart from TradingView
