2 April 2025
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Bitcoin Price Surges Above $84,000 Amid Changing Exchange Flows
Bitcoin (BTC) has shifted to a bullish trend, rising 2.1% and trading above $84,000. This rebound follows an earlier bearish phase, indicating potential recovery.
Bitcoin Exchange Flow Trends
- Lower selling pressure observed on Binance.
- Only 6,300 BTC sent to Binance, compared to an average of 24,700 BTC to other exchanges.
- Short-Term Holders (STHs) appear to adopt a neutral stance, possibly awaiting clearer market signals.
- Increased inflows to other exchanges suggest varied investor behavior.
- Binance maintains high trading volume but is experiencing reduced activity from short-term holders.
Binance's Spot Trading Volume Dominance
- Binance leads spot trading volume in 2025 with $1.9 trillion.
- This volume is over three times that of its closest competitor, Crypto.com.
- Binance controls 43.66% of the total spot market volume.
- Higher trading volumes on Binance contribute to increased liquidity and better pricing for traders.
Binance Leads Spot Trading Volume in 2025 So Far
“The cumulative spot volume chart clearly shows Binance leading with the largest share of activity...”