Long-term holders now control over $20B in realized BTC capital.
Binance’s BTC spot market share surged from 26% to 35%.
Bitcoin’s price continues to show strength as multiple bullish signals align. According to CryptoQuant data, Binance has sharply increased its dominance in the BTC spot market.
The platform’s share rose from 26% to 35% in early June, marking a significant rise in trading activity. Analysts interpret this move as a reflection of investor interest as Bitcoin tests resistance near $110,000.
BTC Bullish Momentum: Binance Spot Volume Increases, LTHs Show Strength, & Outflows Indicate Growth
“The convergence of rising exchange dominance, LTH confidence, and supply tightening paints a bullish picture for Bitcoin.” – By Amr Tah
Link https://t.co/GZUr9bObsI pic.twitter.com/CNq0Jj79Cb
— CryptoQuant.com (@cryptoquant_com) June 4, 2025
Data also shows increased accumulation by long-term holders (LTHs), reinforcing the bullish outlook. The LTH Net Position Realized Cap recently crossed $20 billion, signaling strong retention rather than profit-taking.
LTHs are often seen as “smart money” due to their experience and strategic timing. Their decision to hold BTC even near its current peak reflects strong expectations for future gains. This accumulation trend provides a solid fundamental backing to the ongoing price rally.
BTC Withdrawals from Kraken and Bitfinex Tighten Exchange Supply
Further reinforcing the bullish case, large BTC withdrawals have been recorded from major exchanges. In just two days, Kraken and Bitfinex saw combined outflows exceeding 20,000 BTC. This move suggests a tightening supply, as coins are likely moving to cold storage rather than being prepared for sale.
Supply pressure on exchanges often precedes upward price movement. Traders see reduced exchange balances as a potential catalyst for future price increases, especially in bull markets. With fewer coins available for sale, price appreciation becomes more likely if demand remains steady or grows.
Meanwhile, Bitcoin is trading at $105,781.85, up 0.33% on the day, according to TradingView. The bullish trend started in late April when BTC rose from around $76,000 to nearly $110,000.
Despite recent sideways movement just under the highs, the overall chart structure remains positive. The MACD indicator has shown a bearish crossover, but key support levels remain intact above $100,000.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post Bitcoin Nears $110K as Binance Leads, Holders Accumulate, Supply Tightens first appeared on Coin Crypto Newz.</p>
