24/7 Cryptocurrency News

Binance Data Shows Reason Behind Huge Bitcoin (BTC) Activity

A close look at Binance Bitcoin (BTC) transaction activity would indicate why there have been huge trading volumes in the recent times.
Published by
Binance Data Shows Reason Behind Huge Bitcoin (BTC) Activity

A close look at Binance Bitcoin (BTC) transaction activity would indicate why there have been huge trading volumes recently. BTC saw huge fluctuations in the last one week, with a gap of around $2,000 between weekly high and low level. Despite the huge volatility, the top cryptocurrency witnessed the highest trading activity in over three months. On Tuesday, the BTC trading volume was the highest since the decline in June this year, when the crypto winter atmosphere intensified.

Advertisement

What Binance Bitcoin Activity Shows

There has been a huge rise in Binance spot trading volume, which has apparently led to BTC volume rise. According to Crypto Quant analysis, the spot trading activity on Binance was the reason. The trading pattern has been on a continuous rise ever since the top exchange launched free spot trading. In July 2022, Binance launched zero-fee Bitcoin trading. Also, the price correlation with respect to spot trading on Binance was disturbed in the recent times.

“The ratio between Binance Perp and Spot market is highly price-correlated, but since January of this year, it has become less effective. The BUSD deposit counting has also increased”

Meanwhile, the BUSD deposits have been on a rise while the BTC/BUSD trading volume is increasing. Also, there is a chance that some traders purchased Bitcoin with BUSD. Amid all of this, BTC continues to tread the path of high volatility. In the last one week, BTC showed a price gap of nearly 11% between weekly low and high level. As of writing, BTC price stands at $19,327.79, up 1.77% in the last 24 hours, according to price tracking platform CoinMarketCap.

Advertisement

Exchange Reserves On The Rise

As BTC continues to fluctuate, traders seem to be playing the waiting game in search of a ‘buy the dip‘ opportunity. When looked at the Bitcoin reserves on exchanges, there has been an uptrend on all exchanges as well as in derivatives. As reserves on exchanges keep increasing and BTC price rises, a price recovery could well be on the cards. On the other side, there has been an sudden rise in ‘buy the dip’ social activity after a prolonged decline. This could be a sign of trader anticipation of a local bottom to enter a position.

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025
  • 24/7 Cryptocurrency News

BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert

Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…

October 4, 2025
  • 24/7 Cryptocurrency News

Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury

Trump’s real estate portfolio is set to go on-chain amid World Liberty Financial’s announcement of…

October 4, 2025
  • 24/7 Cryptocurrency News

ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3

Despite the broader crypto market consolidation, ASTER token is outperforming with 14% gains in the…

October 4, 2025
  • 24/7 Cryptocurrency News

MetaMask Gears Up for Major MASK Token Airdrop With Reward Points System Launch

MetaMask, Consensys’ Web3 wallet, is set to introduce a reward points system for on-chain activities.…

October 4, 2025
  • 24/7 Cryptocurrency News

Coinbase Joins Ripple and Circle In Applying For National Banking License

Crypto exchange Coinbase has applied for a national trust charter, joining the likes of Ripple,…

October 4, 2025