Following Bitcoin’s drop from the 123K level, the Binance vs. Other Exchanges BTC Spot Volume Delta indicator flashed a sharp -$4.1B negative delta, signaling intense sell pressure specifically coming from Binance.
Despite that, price found support at the 116K zone, suggesting strong absorption by buyers. After this bounce, a $2.3B positive spike emerged — showing that buyers on Binance tried to push the price back up. However, the attempt failed near the 120K level.
This behavior reveals a clear liquidity battle:
120K absorbs buyers — indicating active sell pressure above.
116K absorbs sellers — signaling strong demand below.
In other words, Bitcoin is currently stuck in a distribution or accumulation range, with liquidity being absorbed on both sides. These structures often precede sharp breakout moves.
🔍 Summary
While Binance Spot Volume Delta turned positive, price failed to follow through — reinforcing the idea that Bitcoin is trapped in a liquidity zone. Both buyers and sellers are being absorbed, forming the kind of setup we often see before major volatility spikes.
The direction of the breakout remains unclear — but the range is tightening, and the pressure is building.
Written by BorisVest
