Arab Chain
Seller dominance on Binance keeps Bitcoin below $110,000 amid limited buyer attempts to regain control
Data from Binance, the venue with the highest Bitcoin trading volume and liquidity, indicate that yesterday’s net buy–sell volume (net market volume) remained negative for most of the day, with several deep negative spikes. This suggests that aggressive selling outpaced buying, pushing Bitcoin to trade below $112,000. Conversely, the positive vol_delta readings were brief, failing to stay above zero for long enough to trigger a price surge, indicating a lack of strong buying demand above resistance. The predominance of negative market volume (vol_delta < 0) and the price’s inability to reclaim 115K left sellers more dominant. Significant negative vol_delta troughs (even near −400M) are pressure events; if they are not followed by a sustained positive delta, a prolonged decline or a lower sideways range is likely. A vol_delta that remains in negative territory across several consecutive readings—especially if accompanied by faint positive spikes and repeated failures to return to the 114K level—will further strengthen sellers’ control. Conversely, a clear and sustained positive turn in vol_delta (consecutive readings for at least an hour) with a close above 113000 would signal supply absorption and a shift in tape leadership in favor of buyers. Overall, yesterday was marked by a clear tactical advantage for sellers on Binance: short-term rebound attempts failed below 113000, and vol_delta remained negative and ended with selling momentum. To change the picture, the market requires a sustained positive delta and a close above 113000 ; otherwise, a bearish or sideways range is likely to continue