After Experiencing a Bearish Trend Earlier This Week, Bitcoin (BTC) Seems to Have Regained Upward Momentum

After experiencing a bearish trend earlier this week, Bitcoin (BTC) seems to have regained upward momentum. The asset started the day with a 2.1% rise.

Bitcoin (BTC) price showed signs of regaining upward momentum after experiencing a bearish trend earlier in the week. The asset started the day with a 2.1% increase, trading above the $84,000 mark. This signaled a potential return to its previous price levels after testing the $82,000 support yesterday.

As Bitcoin continues to make strides above $84,000, an interesting trend has emerged in exchange flows, impacting the cryptocurrency’s performance across different exchanges. A recent analysis by CryptoQuant’s Joao Wedson provides a fascinating perspective on the current state of the Bitcoin market.

According to Wedson’s analysis, Bitcoin’s price action has been influenced by lower selling pressure on certain exchanges, such as Binance, while other exchanges are seeing increased inflows. This difference in behavior across exchanges may be a factor in the cryptocurrency’s recent price movements.

In his report titled "Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges," Wedson highlights that Short-Term Holders (STHs) are sending significantly fewer Bitcoin to Binance compared to other exchanges.

The current amount of BTC being sent to Binance stands at 6,300 BTC, which is considerably lower than the average of 24,700 BTC being transferred to other platforms. This observation suggests that many traders on Binance may be adopting a more neutral stance, potentially waiting for clearer signals or specific price levels to be reached before making further moves.

However, on the other hand, Bitcoin inflows to other exchanges are increasing, which could indicate that investor behavior may vary based on the platform they use. Binance, despite having the highest trading volume, seems to be experiencing less activity from short-term holders, whereas other exchanges are experiencing higher volumes of BTC inflows.

This shift in behavior could suggest that while Binance remains a trusted exchange for traders, other platforms are beginning to see more action from BTC traders, who might be making larger movements or engaging in more frequent trades.

In another analysis by CryptoQuant’s Maartunn, the focus shifted to comparing the spot trading volumes across various exchanges in the year-to-date data for 2025. According to Maartunn’s analysis, Binance has been the dominant player in spot trading volume, handling a cumulative total of $1.9 trillion.

This volume is more than triple the amount handled by its closest competitor, Crypto.com, which stands at 12.12%. The dominance of Binance is significant, as higher trading volumes typically result in greater liquidity and tighter spreads, benefiting traders with better pricing and smoother entry and exit opportunities.

The increasing liquidity on Binance makes it an attractive option for many investors, and its dominance in spot trading volume further solidifies its position as a key player in the cryptocurrency market.