Binance’s net taker volume topped $100M as BTC buyers stepped in right before a stronger-than-expected U.S. jobs report.
Bitcoin long-term holders now control 14.5M BTC, the highest ever, signaling deeper conviction despite price volatility.
Binance dominates BTC open interest at 29.93%, with $9.8B locked in positions—nearly double January's $4.2B level.
Bitcoin’s net taker volume on Binance topped $100M as long-term holders reached 14.5M BTC. The setup shows rising institutional flow and firm retail conviction.
Aggressive Buyers Flood Binance Ahead of Jobs Data
“Binance’s net taker volume has spiked above the $100 million mark,” stated an update by CryptoQuant, confirming heightened bid-side aggression. This volume burst aligned precisely with the release of U.S. Non-Farm Payrolls data, suggesting a tactically timed surge. The BTC price has since approached the $110K zone, extending gains initiated after rebounding from late-June lows.
https://twitter.com/cryptoquant_com/status/1941035558543020111
Nonfarm payrolls in the United States increased by 147K, exceeding the prediction of 111K and the previous month's 144K. Unemployment rose to 4.1%, while earnings rose 0.2%, falling short of expectations. Traders responded with aggressive long positions, treating the print as broadly dovish.
Binance Dominates Open Interest as Traders Build Risk
Binance now holds 29.93% of Bitcoin open interest across all major exchanges, maintaining clear dominance in derivatives flow. In another Onchain report by CryptoQuant, the total BTC OI on Binance climbed from $4.2B in January to $9.8B this month. Bybit and Gate.io trail at 20.54% and 21.93% respectively, while OKX and HTX round out the top five.
Stacked volume across 2024–2025 confirms Binance’s role as the central venue for directional plays during key market inflections. Volume spikes and price swings consistently correlate with elevated positioning on Binance during these windows. This pattern reflects the exchange’s liquidity depth, fee structures, and leverage flexibility, which continue to attract volume.
Diamond Hands Hit New Record With 14.5M BTC Held
Bitcoin’s long-term holders-defined as those holding for 155+ days, now control over 14.5M BTC, the highest ever recorded. In a post by Coin Bureau, this marks a historic shift in conviction, especially while the price hovers just under $120K. Throughout the 2017 and 2021 rallies, long-term supply typically dropped, but this cycle is defying that behavior.
From early 2024 to now, long-term supply has risen despite volatility, crossing the 14M mark and trending upward. The sharp accumulation contrasts with prior cycles where distribution followed each major price spike. This divergence confirms that long-horizon wallets remain unfazed, reducing immediate supply pressure as demand accelerates.
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