Is Binance Losing Its Grip? Bitcoin Flows Reveal Key Market Shifts
Summary
Bitcoin (BTC) has regained upward momentum, rising 2.1% and trading above $84,000. Despite this positive trend, Bitcoin's performance remains influenced by fluctuating market conditions. A recent analysis indicates a decrease in selling pressure on Binance, with Short-Term Holders (STHs) sending only 6,300 BTC to the exchange, compared to an average of 24,700 BTC sent to others. This suggests traders on Binance may be adopting a neutral stance. Conversely, inflows to other exchanges are increasing, indicating varied investor behavior. Binance leads in spot trading volume for 2025, handling $1.9 trillion, over three times that of its closest competitor, Crypto.com. This dominance enhances liquidity and trading conditions for investors.
