GM! Is crypto market heating up or not yet? Let’s see what Binance numbers tell us so far. Binance always leads more than usual before a big move.

Liquidity decides rotations—not vibes. When capital moves from BTC into alts, the deepest books win.

July numbers: Binance cleared $698.3B in spot volume, up 61.4% MoM, capturing 39.8% of global CEX spot.

Context: MEXC did $150.4B (8.6%) and Gate $137.2B (7.8%)—Binance’s lead widens when markets heat up.

Consistency matters: In 2025 Q2, Binance handled $1.47T out of the top 10’s $3.8T (38%). July volume even outpaced several other top-10 exchanges combined.

What it means for a crypto run: deeper order books, tighter spreads, and faster execution when rotations spike—so you catch moves with less slippage and more fills.

What do you think? Is the crypto market finally heating up or are we too early to say?