Binance spot share expanded to over 80 percent while BTC crossed the $108K mark in early June.
Bitcoin long-term holders held firm with low exchange inflows while market liquidity stayed very tight.
CryptoQuant data shows Binance leading other exchanges as prices rose and sell-side activity remained weak.
Binance’s BTC spot volume share climbed sharply in June while Bitcoin prices touched $108,000 for the first time in weeks. According to a CryptoQuant chart shared June 4, Binance saw notable exchange dominance alongside growing long-term holder (LTH) confidence. The data pointed to rising exchange volume and falling sell-side pressure.
Source: X
The spike in Binance’s activity coincided with upward Bitcoin price moves past $96,000 and then $108,000. The chart shows a clear dominance trend led by Binance compared to other exchanges like Coinbase, OKX, and Kraken. Volume share widened significantly over a short period.
CryptoQuant confirmed the data indicates a bullish trend forming as multiple metrics align in support of Bitcoin growth.
Exchange Dominance and LTH Strength Fuel Market Momentum
Binance led all tracked exchanges by share of BTC spot volume, with its yellow band expanding toward the 80% mark. As shown in the chart, Binance’s rise became more pronounced from late May to early June 2025. Its volume outpaced Bybit, OKX, Coinbase, and others by a large margin.
The graph also illustrated BTC’s increasing value, correlating closely with Binance’s share spike. As price surged from $84,000 to $108,000, Binance’s exchange activity also accelerated. This supports the view that buyers prefer high-liquidity venues during rallies.
Alongside exchange dominance, LTH confidence also remained strong, contributing to reduced selling behavior. This suggests fewer coins moved to exchanges for liquidation, further tightening supply. The report stated that long-term holder stability has been one of the strongest signs of underlying market support.
Tighter supply and strong accumulation trends could contribute to sustained upward price action if current exchange behaviors persist.
Spot Market Outflows and Liquidity Tightening Add to Outlook
In addition to exchange volume dominance, CryptoQuant highlighted the impact of BTC spot outflows. Coins were moving off exchanges rather than into them, suggesting holders are withdrawing to private wallets. This usually indicates a preference to hold rather than trade or sell.
Such outflows reflect tightening liquidity on the sell side. As spot availability decreases, any surge in demand could push prices higher. This mechanic is often seen during the early stages of bull markets.
CryptoQuant’s analyst Amr Tah noted that this convergence of exchange trends and LTH behavior paints a strong bullish outlook. Reduced inflows, increased withdrawals, and volume concentration on Binance collectively point to positive market structure.
The chart, based on data between October 2024 and June 2025, confirms these developments visually. Each layer reflects the distribution of spot volume across top exchanges while BTC’s price moves alongside. Binance’s band expands significantly compared to earlier months.
Can Binance’s Surge Signal the Start of a Longer Bitcoin Bull Cycle?
With Binance spot volume peaking and Bitcoin above $108,000, traders face one question: is this the start of a long-term rally?
CryptoQuant’s post, viewed over 8,400 times, captured the broader reaction to the shift in volume leadership. The data highlights that exchange behavior can serve as an early signal for major price cycles. As Binance continues to lead volume and LTHs avoid selling, the market eyes further upside.
