[Opinion: Current Bitcoin selling pressure mainly comes from Binance, OKX, while Coinbase and futures markets continue accumulating] BlockBeats news, August 11, analysts stated that the recent Bitcoin price decline is primarily driven by net selling in the spot markets of Binance and OKX. The net selling volume on Binance and OKX continues to expand, becoming a significant source of downward pressure in the current market. In contrast, the Coinbase spot market remains in a net buying state, indicating that some institutional funds are still accumulating during the dip. Meanwhile, buying momentum in the Bitcoin futures market is rapidly strengthening. Data shows that during the price correction, some large investors (whales) in the futures market are consistently buying, suggesting that certain funds are taking advantage of the dip to establish long positions. [Original link]