- Binance spot volume surpasses all exchanges, signaling strong BTC momentum.
- Coinbase Premium Index turns positive, suggesting rising U.S. BTC demand.
Bitcoin is trading at $85,100.24, up 2.17% in the last 24 hours. Despite the fluctuation, Binance’s BTC spot volume surpassed all other exchanges. The volume on Binance is currently 8 times larger than Coinbase’s, the biggest U.S.-based exchange. Analysts are watching closely as the Binance vs. Other Exchanges Spot Volume Delta indicator turns positive again.
Binance Dominance Signals Possible BTC Upside
Joao Wedson from CryptoQuant reported that Binance’s spot volume continues to dominate the global BTC market. He noted that Binance’s BTC spot volume is 8x greater than Coinbase’s. In early 2024, this ratio reached 19x, marking the most substantial imbalance recorded that year.
The BTC Spot Volume Delta indicator has flipped into positive territory, a move last seen in January 2024. That period coincided with a Bitcoin surge from $42,000 to $73,000 in just a few weeks. Though overall spot volume is declining across exchanges, Binance’s rising share is attracting fresh attention.
Charts published by Wedson show that Binance’s dominance grew while others, including OKX, Bybit, and Coinbase, saw reduced activity. Exchange flow data also points to positive sentiment, with Bitcoin outflows increasing. According to CryptoQuant’s Ibrahimcosar, BTC outflows from exchanges since February 2025 suggest that holders move funds to cold wallets, implying longer-term expectations.
Coinbase Premium Index and Market Sentiment
According to our recent report, the Coinbase Premium Index recently showed growing demand for Bitcoin from U.S. investors. According to a report by CryptoQuant, the index has recently shifted toward positive values. This metric tracks the difference between BTC’s price on Coinbase and other exchanges. A positive reading implies higher demand in the U.S. market.
Analysts noted that this pattern often leads to bullish outcomes. Increased buying pressure on Coinbase has historically preceded price gains. Moreover, recent regulatory approvals for Coinbase across key global markets could shift sentiment.
At the same time, Bitcoin’s recent pullback to $82,100.24 follows a high of $83,220 earlier in the day. The 24-hour trading volume rose by 51.89% to $21.26 billion, reflecting heightened interest. With market attention to the upcoming April 2nd event Liberation and Tariff Day, some traders expect volatility around key CME levels. Daan Crypto Trades highlighted these zones as critical points for short-term price movement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
