Bitcoin traders could mistake this Binance data change for a rush to sell

Bitcoin is trading near $76,000 ahead of Tuesday's US inflation report, while reported spot selling puts the strength of demand in focus. A warning from data provider Coin Metrics complicates one apparent signal: a larger reported Binance wallet balance can reflect expanded address coverage without fresh coins arriving.Bitcoin was quoted at $75,871 on CryptoSlate's price page when captured at 10:42 UTC on Nov. 7. That puts $76,000 in view as a rounded market price, rather than an established technical support level.CryptoSlate's Nov. 7 report cited CryptoQuant analyst Darkfost describing more aggressive spot selling than buying on Binance and Coinbase. Coin Metrics' coverage notice concerns a different measurement and does not invalidate that trading signal.The upcoming inflation release gives traders a defined window to compare potential selling with actual demand. A balance chart alone cannot show whether holders have just moved coins onto an exchange, or sold them.In its Nov. 4 notice, Coin Metrics said it planned to update exchange-address data after additional addresses were disclosed. It anticipated significant increases in some hourly supply metrics that day and daily metric...