Bitcoin's surge above $61,000 may indicate a short-term peak, as trading volume patterns on Binance suggest local market tops typically precede declines.
Activity on Binance showed a net $85 million in spot volume, the highest in over three months, but also hints at volatility rather than sustained gains.
Surges in trading volume on Binance have historically led to bitcoin price pullbacks, as seen in previous instances following local price tops.
The influx of $750 million in bitcoin from short-term holders to exchanges indicates profit-taking, revealing a cautious sentiment among large market players.
Collection
[
|
...
]