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Bitcoin spot net volume delta (USD) on Binance is back in positive territory.
After the recent market correction, the spot net volume delta on Binance has turned positive again. This signals that buying activity is picking up on spot markets, but more importantly, that selling pressure has significantly declined, even with BTC trading above $100 000. However, historically, when spot volumes on Binance rise too quickly and too sharply, it has often coincided with local market tops. We can attribute this surge in volume is usually driven by two main factors : - A wave of euphoria pushing investors to downplay risk and chase further gains. - Accelerated profit-taking, especially once new all-time highs are breached. This combination often results in significant volume spikes. In such high-risk environments, it’s essential to monitor selling pressure during these volume surges. Rather than being a warning sign, rising spot volumes at this point would be encouraging for market strength. Tracking spot volumes can provide valuable insights into investor behavior, especially on Binance, which handles the largest share of global trading. Coindesk even ranked Binance as the Number 1 exchange, accounting for over 26% of worldwide spot volume. For example, when comparing with Coinbase, Binance's spot volumes are clearly and consistently much higher.