FundingVest
๐จ Spot Volume Alarm in Bitcoin: From Bottom Building to Distribution?
On September 25, Bitcoin dropped to 108K, triggering a strong spot volume spike. This move signaled that the market was setting 108K as a potential bottom. Binance remained the main driver behind this volume surge. Just a few days later, on September 29, Bitcoin climbed to 114K, and once again, spot volume spiked. The critical point here is that despite the surge in volume, price couldnโt extend the rally. This often signals distribution rather than sustainable growth. ๐ Key volume data: - On September 29, Binance spot volume reached $5.494B, while other exchanges totaled $6.943B. - On September 27, Binance spot volume was only $2.33B, with other exchanges at $2.42B. This clearly shows that Bitcoin was quietly accumulated over the weekend at low volumes, then distributed back into the market as price rallied on higher volumes. The takeaway is simple: Volumes tell the whole story. Binanceโs spot activity, in particular, continues to be the best reflection of overall market sentiment and the strategies of major players.