Bitcoin Spot Buying Reignites On Binance As Spot Net Volume Delta Turns Bullish
After experiencing a notable surge in its price above the $105,000 mark, Bitcoin’s market dynamics are showing bullish momentum for continued growth. BTC’s renewed strength is also observed among key metrics such as the Spot Net Volume Delta, which has recently flipped into positive territory. Binance Bitcoin Spot Volume Shows Strength Bitcoin’s bullish performance is […]
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Bitcoin’s recent upward momentum appears to have slowed after climbing nearly 10% over the past week. Following a move above $95,000, Bitcoin is currently trading at $94,686, reflecting a modest 0.7% gain over the past 24 hours. Although the asset has demonstrated resilience following its recent correction, its latest price action indicates a pause in its upward momentum as market participants reassess near-term direction. So far, analysts have looked into BTC’s spot market activity and key on-chain indicators to determine whether Bitcoin can sustain its broader recovery. New....
Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session. After briefly reaching a 24-hour high of $106,518, the asset retraced slightly and now trades at $104,820, reflecting a modest 0.5% decrease over the past day. Still, the cryptocurrency remains just 3.8% below its all-time high of $109,000 set in January, keeping traders and analysts closely focused on its next move. Notably, the current price action comes as changes in trading behavior emerge across major exchanges. Related Reading: Bitcoin Bulls Face Make-Or-Break....
Over the past two weeks, Bitcoin (BTC) has dropped more than 7%, falling from around $117,400 on August 21 to a low of $108,666 earlier today. Despite the bearish slide, some encouraging exchange data suggests improving sentiment. However, analysts warn this could once again be a setup for institutions to trap retail buyers. Bitcoin Sentiment Improves, But Maintain Caution According to a CryptoQuant Quicktake post by contributor BorisD, the Binance vs. Other Exchanges BTC Volume Delta turned positive on August 25, registering $676 million. This indicates that Binance users have shifted....
Bitcoin (BTC) fell to $114,386 earlier today, triggering nearly $300 million in liquidations over the past 24 hours as investor confidence in the asset remains shaky. Still, rising spot trading volumes offer a glimmer of hope that BTC may now be entering an accumulation phase. Is Bitcoin In The Accumulation Phase? According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s BTC spot trading volume surpassed $6 billion on August 18 – one of the most significant spikes this month. Taha noted that such sudden spikes typically signal increased participation from....
Data shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in April. Bitcoin Spot Trading Volume Is Much Lesser When Excluding Binance According to the latest weekly report from Arcane Research, while the daily total spot volume averaged to $8 billion during the last week, this […]