Binance's Dominant Role in Price Movement: A Surge in Assertive Buyer Behaviour

Bitcoin recently hit a new monthly high of $94,400, spurred by easing trade tensions and changing US monetary policies. A marked shift in buying pressure has been observed on Binance, the largest crypto exchange, with a 19% jump in the taker buy/sell ratio over the past month.

This suggests buyers are proactively filling sell orders, a strategy often linked with confident traders. Binance’s dominant role means this assertive behaviour directly impacts price movements, potentially driving reactions on other platforms. Additionally, Bitcoin’s net taker volume on Binance reached a new monthly high of nearly $62 million, demonstrating the significant capital flow into the market and further validating the dominance of buyers.

Analytics team B2BINPAY predicts a bullish trend for Bitcoin, provided it maintains above the $83,000 range.