Binance and OKX Spot Selling Fuels Bitcoin Price Weakness

Crypto analyst CW8900 has identified spot selling on Binance and OKX as the driving force behind Bitcoin's recent price weakness.

The analyst noted that net selling pressure has continued to expand on those platforms, while Coinbase has remained in net buying territory, highlighting differing trader behavior across exchanges.

This split between spot and futures markets suggests that institutional or high-net-worth participants may be using the downturn to accumulate positions, even as retail spot sellers offload holdings.