Bitcoin briefly touched $110,000 before retracing slightly, now trading at $109,386 with a 1.8% increase in the past day.
On-chain data indicates deeper market activity as Bitcoin approaches its previous all-time high of $111,814 from May 2025, attracting renewed attention from traders and analysts.
Binance witnessed a significant outflow of over 3,400 BTC in response to US macroeconomic indicators, leading traders to anticipate market-moving economic data.
The surge in Bitcoin activity seems to be influenced by increased spotting volume on Binance and investor positioning ahead of potential macro-driven market volatility related to US labor market data.