How Binance’s 37% Bitcoin volume share could affect BTC prices
The post How Binance’s 37% Bitcoin volume share could affect BTC prices appeared on BitcoinEthereumNews.com. Key Takeaways Binance’s 37% dominance in BTC spot volume reinforces its role as a market bellwether, but fading on-chain metrics suggest caution, even as positive Funding Rates keep traders leaning long. Bitcoin [BTC] spot trading surged past $9.2 trillion in the first half of 2025, with Binance alone handling 37.34%, or over $3.44 trillion, according to new data. This overwhelming lead places Binance well ahead of competitors like Bybit, OKX, and Coinbase, which together accounted for only 29% of total volume. Naturally, Binance’s liquidity dominance makes it the focal point for big market moves, where whales strike first and hardest. Bottom line? Any major BTC trade likely routes through Binance, ultimately making it the first place to watch when volatility strikes. Are THESE signaling a pause in Bitcoin’s growth momentum? Bitcoin’s on-chain valuation indicators were showing signs of cooling, possibly reflecting waning investor activity. At press time, the NVT Golden Cross dropped by 16.76%, hinting that BTC may have hit a local top. Similarly, the Network Value to Metcalfe Ratio fell 15.38%, suggesting that network growth is not keeping pace with price. And, the Puell Multiple dipped 7.96%, showing miner revenues are softening relative to historical averages. In fact, this trio of pullbacks hints at fading on-chain momentum, with demand and network strength no longer rising in sync with price. Source: CryptoQuant Are miners preparing to hold? Now to miners – they are often the market’s earliest movers. Miner Netflow Total dropped 11.55%, indicating a decline in the number of BTC sent to exchanges. This shift suggests that miners are holding their coins rather than selling them into the market. While this doesn’t guarantee bullish momentum, it does remove a key source of potential overhead supply. If demand resumes while Miner Outflows remain low, it could create favorable conditions for…
The post How Binance’s 37% Bitcoin volume share could affect BTC prices appeared on BitcoinEthereumNews.com.
Key Takeaways Binance’s 37% dominance in BTC spot volume reinforces its role as a market bellwether, but fading on-chain metrics suggest caution, even as positive Funding Rates keep traders leaning long. Bitcoin [BTC] spot trading surged past $9.2 trillion in the first half of 2025, with Binance alone handling 37.34%, or over $3.44 trillion, according to new data. This overwhelming lead places Binance well ahead of competitors like Bybit, OKX, and Coinbase, which together accounted for only 29% of total volume. Naturally, Binance’s liquidity dominance makes it the focal point for big market moves, where whales strike first and hardest. Bottom line? Any major BTC trade likely routes through Binance, ultimately making it the first place to watch when volatility strikes. Are THESE signaling a pause in Bitcoin’s growth momentum? Bitcoin’s on-chain valuation indicators were showing signs of cooling, possibly reflecting waning investor activity. At press time, the NVT Golden Cross dropped by 16.76%, hinting that BTC may have hit a local top. Similarly, the Network Value to Metcalfe Ratio fell 15.38%, suggesting that network growth is not keeping pace with price. And, the Puell Multiple dipped 7.96%, showing miner revenues are softening relative to historical averages. In fact, this trio of pullbacks hints at fading on-chain momentum, with demand and network strength no longer rising in sync with price. Source: CryptoQuant Are miners preparing to hold? Now to miners – they are often the market’s earliest movers. Miner Netflow Total dropped 11.55%, indicating a decline in the number of BTC sent to exchanges. This shift suggests that miners are holding their coins rather than selling them into the market. While this doesn’t guarantee bullish momentum, it does remove a key source of potential overhead supply. If demand resumes while Miner Outflows remain low, it could create favorable conditions for…
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