Who is selling how much #Bitcoin atm?
Fresh data from CoinGecko shows something essential about the market. The listed 24 hour $BTC volume on each exchange is not just “activity”.
Once you see the numbers through this lens the picture becomes very clear.
#Binance sold more than 241,000 BTC in a single day. #OrangeX sold 182,000 BTC. #Toobit sold 108,000 BTC.
These three alone pushed an enormous amount of Bitcoin into the market. After that the drop is steep. Pionex sold 92,000 BTC. CoinW sold 70,000 BTC. KuCoin sold 67,000 BTC. The curve collapses fast as you move down the list.
Mid tier exchanges like Bitget with 20,000 BTC sold or Kraken with 16,000 BTC sold already show far less impact. Bitstamp sold around 6,700 BTC. Many platforms are far below this level. Dozens of exchanges sold less than 1,000 BTC in an entire day. Some barely crossed 100 BTC.
This concentration matters.
Sell volume defines where pressure comes from.
It defines who sets the tone in the market. It defines where price discovery actually happens. If one exchange sells more Bitcoin than twenty others combined then the entire market follows that exchange whether it wants to or not.
Crypto claims to be decentralised.
The real structure tells another story.
A few giants sell most of the Bitcoin. Smaller exchanges simply reflect whatever the big ones decide. Liquidity outside the top group becomes thin. Prices move faster. Slippage grows. Manipulation becomes easier. Liquidations become more violent because the sell pressure is created and concentrated in only a few places.
This dataset makes the truth impossible to ignore. Binance dominates global sell pressure. Only a handful of platforms matter for real Bitcoin flow. The rest sit on the sidelines with volumes too small to influence anything.
This is the real map of the CEX sell side.
- by $MASTR project.
