**Binance Dominates Crypto Trading Volume: Why This is a Big Deal for Bitcoin** 🚀
#Binance continues to rule the crypto market, with its **spot trading volume now 8x higher than Coinbase’s**! 📊 According to #CryptoQuant data, despite a general drop in exchange volumes, Binance remains the undisputed leader—proving its massive influence on price trends.
### **Why Binance’s Volume Matters for Bitcoin**
At the start of 2024, Binance’s trading volume **surpassed all other exchanges combined**—right as #Bitcoin hit new all-time highs. This pattern suggests a strong link between Binance’s dominance and major BTC price moves.
The **Binance vs. Other Exchanges BTC Spot Volume Delta** indicator has turned positive again, a signal last seen in **January 2024**—just before Bitcoin skyrocketed from **$42K to $73K**. If history repeats, we could see another major price surge.
### **Selling Pressure Drops—Bullish Sign Ahead?**
Analyst **Axel Adler** highlights that **daily Bitcoin selling pressure has plunged** from **81K BTC to just 29K BTC**. With profit-taking slowing down post-$100K, sellers are drying up, and buyers are stepping in confidently.
🔹 **Fewer sellers + strong demand = potential supply squeeze**
🔹 **April-May could bring consolidation before the next big move**
### **What’s Next?**
With **Binance leading liquidity** and selling pressure fading, Bitcoin may be gearing up for its next leg up. Will history repeat? Stay tuned!
#BitcoinPrice #btc走勢 #tradingranges #MarketUpdate #Bullish
**Disclaimer:**
This content is for informational purposes only and not financial advice. Always do your own research before investing. #DYOR 🚨
