Bitcoin’s Spot volume on Binance is once again taking the lead — now equal to the combined volume of all other exchanges. On top of that, Binance’s Spot volume is over 10 times larger than Coinbase’s.
The Binance vs Other Exchange Spot Volume Delta is very close to turning positive — and historically, this shift has been followed by positive price action for Bitcoin.
The stronger Binance’s Spot volume dominance becomes, the better it seems to be for Bitcoin’s price. Definitely worth keeping a close eye on this trend.
Off-chain data doesn’t lie. Stay alert.
Written by joaowedson
