Massive Buy Pressure Hits Binance as Bitcoin Reclaims $100,000
Bitcoin's price has surpassed $100,000, trading at $100,383 with a 3.5% gain in 24 hours, but remains 8.4% below its all-time high of $109,000 from January 2025. The Taker Buy-Sell Ratio on Binance has increased to 1.131, indicating stronger buying pressure, with a seven-day average of 1.045 and a 30-day average up by 12.1%. This bullish sentiment suggests potential for price continuation if the ratio stays above 1.1 and Bitcoin holds above $99,000; a drop below 1.05 may indicate profit-taking. Additionally, the number of wallets holding over 1,000 BTC has increased significantly, with new whales adding over 430,000 BTC while older holders reduced their exposure by 24,000 BTC. This trend aligns with a record high in Bitcoin's realized cap, reflecting growing confidence among investors.
