<ul data-eligibleForWebStory="true"><li>Binance's Bitcoin spot volume has surged, surpassing all other exchanges, including Coinbase.</li><li>Such volume dominance historically precedes positive price movements for Bitcoin, sparking optimism among traders for a bullish breakout.</li><li>The increasing spot volume on Binance indicates a centralization of liquidity, holding significant market-moving implications.</li><li>The volume ratio between Binance and other exchanges is approaching a positive crossover, usually followed by upward Bitcoin price trends.</li><li>This trend reflects renewed interest from retail and institutional investors, suggesting stronger conviction in market buys.</li><li>Binance's dominance in spot volume signifies concentration of liquidity, cleaner price discovery, and increased confidence during market uncertainties.</li><li>The focus on spot volume rather than derivatives may indicate genuine buying demand rather than speculative leverage.</li><li>The data suggests that Binance's resurgence in Bitcoin spot trading could signal a potential uptrend for Bitcoin, as per CryptoQuant.</li></ul>

Binance Spot Volume Surges, Signals Potential Bitcoin Price Upside

Discover more