Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging.<\/p>\n
Over the past 24 hours, Bitcoin has seen a slight recovery, with its price rising to $81,647. This shift has led analysts to closely examine whale activity and exchange trends to determine whether the correction phase may be nearing an end.<\/p>\n
One of CryptoQuant\u2019s analysts, Darkfost, has identified<\/a> a key trend in Binance\u2019s whale activity that could impact Bitcoin\u2019s price movements. Binance, as the largest cryptocurrency exchange by volume, plays a significant role in market liquidity, making its whale activity an important metric to monitor.<\/p>\n Darkfost\u2019s analysis of the Bitcoin Exchange Whale Ratio on Binance suggests that whales are reducing their selling pressure, which could signal a shift in market sentiment<\/a>.<\/p>\n The exchange whale ratio measures the proportion of the top 10 inflows to total inflows on an exchange. When this ratio is elevated, it indicates increased whale selling activity<\/a>, often contributing to short-term price corrections or market consolidation phases.<\/p>\n Conversely, a declining whale ratio suggests less selling pressure, which could help stabilize Bitcoin\u2019s price or even contribute to a rebound. According to Darkfost, the declining whale ratio on Binance may indicate that the selling pressure from large Bitcoin holders is easing.<\/p>\n Historically, a decrease in whale selling activity<\/a> has preceded bullish market movements, making this metric a key indicator for traders. If this trend persists, Bitcoin could see reduced downward momentum<\/a>, potentially setting the stage for price stabilization or recovery.<\/p>\n In a separate analysis, CryptoQuant analyst Crazzyblockk has highlighted<\/a> Binance\u2019s continued dominance in both spot and futures markets. Binance holds the largest market share in crypto trading, reinforcing its position as a key player in price discovery<\/a> and liquidity.<\/p>\n\n Currently, Binance accounts for a 45.5% share of the USDT futures market, significantly ahead of other trading platforms. Crazzyblockk wrote:<\/p>\n This highlights Binance as the preferred choice for derivatives trading, offering the best liquidity and execution.<\/p>\n In the spot market, Binance maintains a 35% share of the total trading volume, further solidifying its role as the leading exchange in the industry.<\/p>\n Featured image created with DALL-E, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51717","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51717"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51717"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51717\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Binance\u2019s Dominance in Spot and Futures Trading<\/h2>\n