Despite several bearish signals from Binance metrics, Bitcoin continues to maintain price stability — a sign of strength, but one that demands caution if the rally is to continue. If this price equilibrium is to hold, momentum needs to pick up soon.
When analyzing Binance taker buy/sell volume, we observe an aggressive spike in buy volume — typically a bullish sign. However, sell volumes have followed closely, absorbing the demand. More importantly, despite the buying spike, Bitcoin's price hasn’t moved up proportionally, suggesting absorption or distribution.
Alongside this, Binance open interest has risen during the price move up, indicating that new leveraged positions are entering the market. While this could support further upside, the price reaction appears muted, which warrants attention.
Meanwhile, funding rates have remained mostly neutral throughout the recent rally. However, during the latest upward wave, they began tilting positive — hinting at growing long exposure and renewed bullish sentiment. During the price spike, we saw short positions being liquidated, clearing out bears and contributing to the squeeze effect.
In summary: Bitcoin’s upward structure remains intact and supported by multiple signals I've highlighted in previous reports. However, we are now seeing early signs of a potential short-term pullback — especially due to the spike-driven nature of the move and volume behavior on Binance.
This doesn’t invalidate the broader bullish outlook. Instead, it suggests that the market might need a breather before resuming higher. Watch for confirmation from other signals in the coming sessions. As always, stay prepared for all scenarios — the trend is still alive, but volatility may soon return.
Written by BorisVest
