Spot Demand Climbs As Short-Term Profits Lose Steam
The post Spot Demand Climbs As Short-Term Profits Lose Steam appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session. After briefly reaching a 24-hour high of $106,518, the asset retraced slightly and now trades at $104,820, reflecting a modest 0.5% decrease over the past day. Still, the cryptocurrency remains just 3.8% below its all-time high of $109,000 set in January, keeping traders and analysts closely focused on its next move. Notably, the current price action comes as changes in trading behavior emerge across major exchanges. Related Reading Binance Spot Volume Signals Renewed Interest Amid Controlled Market Activity One notable development is the return of positive spot net volume delta on Binance, according to a new analysis by CryptoQuant analyst Darkfost. This metric, which measures the net difference between buying and selling volume on spot markets, suggests that spot demand for Bitcoin is increasing once again. Darkfost emphasizes that while rising spot volume can reflect growing interest, sharp spikes, especially during euphoric rallies or profit-taking phases, can sometimes coincide with local tops. Darkfost notes that previous surges in Binance spot volume were often linked to key market tops, driven by rapid sentiment shifts. Such volume expansions tend to result from two primary drivers: enthusiasm that leads traders to chase price action, and experienced investors taking profits after breaching key resistance zones. Bitcoin spot net volume on Coinbase and Binance. | Source: CryptoQuant While these volume shifts don’t necessarily point to…
The post Spot Demand Climbs As Short-Term Profits Lose Steam appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session. After briefly reaching a 24-hour high of $106,518, the asset retraced slightly and now trades at $104,820, reflecting a modest 0.5% decrease over the past day. Still, the cryptocurrency remains just 3.8% below its all-time high of $109,000 set in January, keeping traders and analysts closely focused on its next move. Notably, the current price action comes as changes in trading behavior emerge across major exchanges. Related Reading Binance Spot Volume Signals Renewed Interest Amid Controlled Market Activity One notable development is the return of positive spot net volume delta on Binance, according to a new analysis by CryptoQuant analyst Darkfost. This metric, which measures the net difference between buying and selling volume on spot markets, suggests that spot demand for Bitcoin is increasing once again. Darkfost emphasizes that while rising spot volume can reflect growing interest, sharp spikes, especially during euphoric rallies or profit-taking phases, can sometimes coincide with local tops. Darkfost notes that previous surges in Binance spot volume were often linked to key market tops, driven by rapid sentiment shifts. Such volume expansions tend to result from two primary drivers: enthusiasm that leads traders to chase price action, and experienced investors taking profits after breaching key resistance zones. Bitcoin spot net volume on Coinbase and Binance. | Source: CryptoQuant While these volume shifts don’t necessarily point to…
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