Following a bearish trend earlier this week, Bitcoin (BTC) appears to have regained some upward momentum. The asset began the day with a 2.1% increase and is currently trading above the $84,000 threshold, suggesting a possible return to its prior price levels.
Despite this optimistic trend, Bitcoin remains vulnerable to fluctuating market conditions, influenced by both external factors and internal metrics that affect its performance across various exchanges.
Changing Patterns in Bitcoin’s Exchange Flows
As BTC continues to rise beyond $84,000, an intriguing trend in exchange flows has surfaced, reflecting investor behavior. A recent analysis by CryptoQuant’s Joao Wedson offers an insightful perspective on the current Bitcoin market landscape.
Wedson notes that Bitcoin’s price action has been considerably influenced by a decrease in selling pressure on specific exchanges, particularly Binance.
In his report “Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges”, Wedson emphasizes that Short-Term Holders (STHs) are transferring significantly less Bitcoin to Binance compared to other exchanges.
The current volume of BTC being sent to Binance is 6,300 BTC, substantially lower than the average of 24,700 BTC sent to other platforms. This indicates that many traders on Binance may be adopting a more cautious approach, potentially awaiting clearer signals before proceeding.
Conversely, Bitcoin inflows to other exchanges are on the rise, suggesting that investor behavior may differ depending on the platform being utilized. Although Binance boasts the highest trading volume, it is experiencing reduced activity among short-term holders, while other exchanges are seeing increases in inflows.
This trend could imply that while Binance continues to be a trusted exchange, other platforms are beginning to attract more engagement from BTC traders.
Binance Leads in Spot Trading Volume
In another analysis by CryptoQuant’s Maartunn, the emphasis was placed on spot trading volumes across various exchanges, with Binance emerging as the frontrunner. For the year-to-date data for 2025, Binance has dominated spot trading volume, managing a cumulative total of $1.9 trillion.
This figure is more than three times that of its nearest rival, Crypto.com, which accounts for 12.12% of the market. Binance’s dominance is notable, as higher trading volumes typically lead to improved liquidity and tighter spreads, providing traders with enhanced pricing and smoother entry and exit opportunities.
The growing liquidity on Binance makes it a compelling choice for many investors, and its spot trading volume leadership further reinforces its position as a significant player in the cryptocurrency industry.
Binance Leads Spot Trading Volume in 2025 So Far
“The cumulative spot volume chart clearly shows Binance leading with the largest share of activity, with 1.9T since the beginning of 2025…
Binance controls 43.66% of the total spot market volume (4.56T), which is:
– More than…
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Featured image created with DALL-E, Chart from TradingView
