Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows
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最新报道：Spot trading volume on Binance dropped significantly before Bitcoin's recent price surge, according to data from Kaiko. The exchange's BTC/USDT pair saw a 50% decline in volume over two weeks, hitting a yearly low just as Bitcoin began its rally above $43,000. This unusual inverse correlation between volume and price movement suggests reduced selling pressure may have contributed to the upward momentum. The pattern mirrors similar behavior observed before Bitcoin's March 2023 rally, when low volumes preceded a 70% price increase. Meanwhile, Binance's market share in spot trading has fallen to 30% from over 55% earlier this year amid regulatory challenges.
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