Recent on-chain and market data from Binance suggest a powerful surge in buying momentum that has significantly shifted the short-term landscape for Bitcoin.
Let’s break down the developments across three key metrics: Net Taker Volume, Funding Rates, and Liquidation Heatmaps.
1. Net Taker Volume Surges Above $100M: A Rare Bullish Signal:
* According to the first chart, Binance's Net Taker Volume (7HMA) just surpassed the critical +$100 million threshold.
* Historically, breaches of this level are rare and often mark the beginning of strong upside moves or volatility expansions.
* This spike in net taker volume likely reflects a wave of forced market buys—commonly the result of large-scale short liquidations.
* It aligns perfectly with the timing of a major price move through the $112,000 level, which coincides with a significant liquidity cluster, as shown in the liquidation heatmap.
2. $112K Liquidity Cluster Triggered: Short Liquidations Drive the Rally:
* The liquidation heatmap, highlights the dense liquidation cluster just above the $112,000 mark.
* As price pierced this area, it likely triggered a cascade of short position closures, where late sellers were forced to buy back their positions to cut losses—amplifying the upside momentum.
* The resulting pressure forces short traders to become involuntary buyers, thus contributing to the surge in net taker volume observed on Binance.
3. Funding Rates Spike to 0.01%: A Shift Toward Bullish Leverage
* The Binance Funding Rate jumping sharply to +0.01%, marking the highest level since late June 2025.
* This move is a direct reflection of the increased demand for long positions in perpetual futures contracts.
Conclusion:
Such market behavior usually suggests overheated short exposure has been cleared, and the dominance has temporarily shifted to long-biased positioning.
The sharp rise in funding rates is a direct result of this aggressive buying—whether it’s retail jumping in or forced closure late shorts
Written by Amr Taha
