Binance Spot Buying Surges! Is Bitcoin Stabilized at $100,000? Let’s Uncover the Hidden Financial Battle Behind It

Recently, seasoned investors in the cryptocurrency community have been spreading the word that something big has happened in the Binance spot market—cumulative trading volume has turned positive for the first time in four years!

This essentially serves as evidence that buying pressure is crushing selling pressure. Just in the last week of April, net inflow of buying in Binance's spot market surged to a three-month high, while secondary exchanges like OKX and Bybit are still struggling on the edge of turning green to red.

What's even more striking is that on-chain data shows that on April 26, a single day saw whale addresses increase their holdings by 11,000 BTC, and a mysterious large holder directly bought $110 million worth off-exchange, reminiscent of MicroStrategy's aggressive accumulation back in the day.

Institutions are not sitting idle either; Matrixport just invested $1.42 billion to scoop up 15,355 BTC at the bottom, and BlackRock's ETF fund saw a net inflow of $3.4 billion in just one week. This isn't just buying coins; it's like burning dollars as if they were paper!

Why has the capital suddenly gone all-in on Binance? Those in the know understand that Binance's spot market depth has always been a barometer for the industry.

Now that CVD has turned positive, it indicates two things: First, the market makers are aggressively accumulating at lower price levels, especially in the support range of $81,500-$84,500. The position at $93.2K has already completed a change in hands, and new funds have solidified this area into a strong bottom.

Secondly, the bearish pressure is becoming unbearable. The funding rate on Binance has been persistently negative, yet the number of short positions is still climbing. This scenario is eerily similar to the night before May 19, 2023—when short positions were liquidated, causing servers to crash, and Bitcoin soared 20% out of nowhere.

But seasoned traders know that just having buying pressure isn't enough; it depends on whether the macroeconomic factors support it. The US dollar index has fallen below 98, hitting a three-year low, with a 90% chance that the Federal Reserve will remain on hold during the May 7 rate meeting. Moreover, potential easing of Trump's tariff policies could mean global hot money is looking for a place to flow.

The softer the dollar, the stronger Bitcoin becomes. This wave of liquidity could last at least another three months.

To say something heart-wrenching: the 30-day MVRV ratio has hit its lowest point in six months, indicating that most people's cost basis is above $80,000. Those still holding are like iron-headed soldiers; anyone who dares to sell would just be giving institutions cheaper chips.

Don’t be fooled by the current sluggishness around $94K; I can confidently say—if we don’t break $100,000 in May, I’ll do a live stream upside down while eating snail noodles!

Follow me to see the essence through the phenomena! #加密市场反弹