Bitcoin Buying Volume on Binance Surpasses Selling for First Time in Six Months

Bitcoin's price momentum has slowed after a nearly 10% increase over the past week. Currently trading at $94,686, it shows a 0.7% gain in the last 24 hours. Analysts are evaluating Bitcoin's ability to sustain its recovery by analyzing spot market activity and key on-chain indicators.

Binance Spot Buying Volume Outpaces Selling

For the first time in six months, Binance's Cumulative Volume Delta (CVD) is positive, indicating buying volume exceeds selling volume.
The CVD measures the net pressure in the spot market over time, trending upward since Bitcoin's low around $75,000.
This shift may reflect increased buying interest and broader market sentiment.

Importance of Short-Term Holder Realized Price

Bitcoin's relationship to the Short-Term Holder Realized Price (STH-Realized Price) is crucial for assessing bull market sustainability.
The STH-Realized Price serves as a significant support or resistance level during market cycles.
Historically, Bitcoin maintains prices above this threshold during bull runs.
If Bitcoin decisively breaks above the STH-Realized Price, it could indicate continued bullish momentum.
Staying below this level suggests maintaining hedges in derivatives markets may be prudent.