Analysis: Yesterday's Binance Inflow Boosted BTC, OKX Saw Selling Pressure, Coinbase Shifted from Bearish to Neutral

BlockBeats News, May 15th—Cryptocurrency analyst CW revealed in a post that yesterday's Bitcoin price surge was mainly driven by fund flows between exchanges, with Binance showing the strongest buying pressure in the past two months, acting as a key driver of this rally.

He pointed out that meanwhile, Coinbase exerted some downward pressure on the price the day before, attempting to suppress the market but failing to reverse the overall upward trend.

In the latest phase, the market structure has shown differentiation: Binance and Coinbase have generally become neutral, while OKX has seen sustained selling pressure. The analysis suggests that such differences in liquidity between exchanges usually reflect the stage-wise transition of regional fund behavior and market-making structures, amplifying short-term price fluctuations.