During the recent Bitcoin (BTC) price surge, Binance emerged as a key player, becoming the primary hub for buying activity. The exchange saw a strong wave of aggressive orders, once again proving it is at the heart of the market’s biggest moves.
📈 Wave of Buying Reflects Market Confidence
Traders on Binance didn’t wait for price dips—they jumped in to buy from sellers, showing strong conviction that BTC was set to rise. At one point, over 2,400 BTC were purchased in just minutes, fueling the price surge past $94,000.
📊 The so-called “taker” activity—buying directly at market price—increased 18.9% over the past month and 6.2% in the last week, signaling growing confidence among market participants.
🐋 Whale Withdrawals Signal Trust, Not Panic
At the same time, Binance recorded significant BTC withdrawals—not due to fear, but as large holders (“whales”) moved their coins into private wallets. This behavior is typical in bull markets, where investors prefer secure self-custody during rallies.
📉 Overall BTC reserves across exchanges have dropped to a historic low of 2.53 million BTC.
🧠 Binance Leads Spot and Derivatives Demand
With roughly 6.2% of all BTC trading activity, Binance remains the most influential exchange across both spot and derivatives markets, confirming its dominant role in the crypto ecosystem.
💹 ETFs, Market Mood, and Latest Price Movement
Bitcoin’s rise has also been fueled by inflows into crypto ETFs, tightening supply. Once again, BTC is proving that it can outperform tech stocks and act as a safe haven in volatile times, even though gold remains the stronger store of value.
🔍 As of Thursday, April 24, 2025, BTC is trading around $91,900, representing a slight pullback from its recent peak above $94,000.
🔍 Summary: Binance at the Core of Bitcoin Momentum
This phase in the market clearly shows that Binance is playing a central role in shaping BTC price action. Aggressive buys, rising taker ratios, and large-scale withdrawals all point to a healthy, conviction-driven bull trend.
#Binance , #bitcoin , #BTC , #CryptoNewss , #CryptoMarketMoves
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“