Bitcoin reached a new all-time high, pushing from around $113,666 to $116,904 in a single 5-minute candle. This $3,210 move (+2.82%) came with significant trading activity: the Bitcoin perpetual contract on Binance saw over $3.367B in volume during that single candle. Binance handled the volume without issues during the breakout. That is a positive results on this stresstest.
In addition to the spike in volume, Net Taker Volume also showed serious activity. This metric, based on hourly data, recorded the second and third highest values ever observed on Binance:
> Net Taker Volume = Taker Buy Volume - Taker Sell Volume
>
- 09 July 2025, 19:00 — $896M
- 10 July 2025, 21:00 — $924M
This suggests that taker buyers were actively positioning during the move. The only higher reading occurred on 5 December 2024 at 02:00, with $1.17B in Net Taker Volume.
Written by maartunn