Weakening spot demand, miner inflows to exchanges and freshly opened shorts put downside pressure on Bitcoin price. Bitcoin (BTC) miner inflows to Binance crossed 20,000 BTC for only the second time this year, placing fresh pressure on Bitcoin’s daily uptrend near the $75,000 support zone. Will BTC defend its higher-timeframe bullish structure, or is the market on the verge of a broader bearish trend shift? Crypto analyst Amr Taha said miners transferred roughly 21,000 BTC to Binance on May 18, close to the 23,150 BTC sent on Feb. 5. Large miner deposits are often tied to potential selling activity as miners move BTC to exchanges to cover operating costs. BTC miners to exchange flow data. CryptoQuant However, Taha explained that the market reaction has stayed relatively controlled so far. Bitcoin avoided a sharp breakdown after the transfer, while Binance’s BTC reserve climbed to nearly 634,000 BTC by May 26 from roughly 618,600 BTC on May 6. The exchange added around 15,400 BTC in reserves over the period without triggering aggressive downside continuation. Glassnode’s onchain data painted a similar picture of slowing momentum rather than panic selling. The realized profit/loss ratio currently sits near 1.56, well below the 2-5 range commonly seen during stronger bull-market phases. The metric measures realized profits relative to losses across the network and points to moderate buying conviction during the recent rebound. BTC realized profit/loss ratio 30-day moving average. Glassnode Additionally, Glassnode added that spot demand also weakened over the past two weeks. The spot volume delta slipped back into net sell-side territory after Bitcoin rejected near the low-$80,000 range. The analytics platform noted,