236,000 BTC move to Binance and OKX in one day

A one-day surge of roughly 236,000 BTC into deposit addresses at Binance (≈106,000 BTC) and OKX (≈130,000 BTC) has raised market concerns about increased sell-side pressure despite Bitcoin trading in a multi-month range. On-chain analyst notes these inflows far exceed typical daily averages (Binance ~44k, OKX ~74k) and are the largest since the last bear market. Prices sit around $76,812 (+2.37% 24h, +3.08% 7d) as traders weigh potential liquidation risk versus renewed spot demand from ETF purchases and a persistently positive Coinbase premium, which analysts say has preceded past rallies. Overall, flows signal possible near-term volatility, while ETF activity and Coinbase premium provide a counterbalancing bullish argument—resulting in mixed market implications.