Divergence Between Bitcoin Price and Binance Net Taker Volume:
A notable divergence has recently emerged between Bitcoin's spot price and Binance's Net Taker Volume.
While Bitcoin recorded two consecutive local highs—first at $118,000 and later at $122,000—Binance's Net Taker Volume decreased from approximately $255 million to $130 million during those peaks.
The weakening buying momentum, despite rising prices, could indicate that the rally lacked underlying spot demand.
Such divergences are often early signals of exhaustion or price vulnerability, especially when accompanied by diminishing participation from aggressive buyers.
Coinbase Bitcoin Deposits Exceed 15,000 BTC:
Coinbase has recorded Bitcoin inflows exceeding 15,000 BTC—the largest single-day deposit activity since August 2022.
Historically, such surges in exchange deposits are often linked with increased selling pressure.
If sustained, this could lead to downward pressure on Bitcoin’s price, especially if demand fails to match the sudden supply influx.
Inflation accelerates in June as investors eye tariff-related price increases:
The latest consumer inflation report indicates an acceleration in inflation during June, suggesting that tariffs may be contributing to rising consumer prices.
* Data from the Bureau of Labor Statistics revealed a 2.7% YOY increase in (CPI) for June, up from May's 2.4% growth.
* On a monthly basis, prices rose 0.3% in June, following a 0.1% rise in May.
* Core (CPI), which excludes volatile food and energy categories, showed a monthly increase of 0.2%, slightly better than the 0.3% rise anticipated.
Conclusion: Speculative Activity Rises Amidst Geopolitical Trade Tensions
President Donald Trump’s announcement of new 30% tariffs on imports from the European Union and Mexico—effective August 1—has escalated global trade tensions.
prompting the EU to prepare countermeasures targeting €72 billion ($84B) in U.S. exports.
Written by Amr Taha
