Amr Taha2025-10-17

Strong Buy Pressure on Binance Despite Price Drop – Is It the Bottom?

During the latest Bitcoin dip below the key $105,000 level, buy taker volume on Binance surged significantly. 📊 Binance - BTC Price & OI Percent Change 24h / 7D 🟢 As Bitcoin dipped under the $105K level, the net taker volume spiked to around $309 million, marking the first positive zone since October 10. 🟢 Buy taker volume refers to traders who are actively hitting the ask — they’re not waiting, they’re buying aggressively. 🟢 It shows strong demand, even during a price dip — a classic sign of spot accumulation. 🟢 Interestingly, while taker volume surged, open interest didn’t show a similar increase. That usually means these were spot market or short-term executions, not new leveraged positions. In other words, buyers were stepping in directly — not opening fresh futures longs. 🔍 What It Means Such a divergence (strong taker buy volume with flat open interest) often signals accumulation behavior or an attempt to absorb sell pressure. Historically, similar setups tend to form around local bottoms, especially when happening near big liquidity levels like the $105K zone.