- Binance’s spot market share rose from 26% to 35%, reflecting increased Bitcoin trading volume during key resistance testing in early June.
- Long-term Bitcoin holders increased realized cap positions above $20 billion, indicating strong accumulation and reduced near-term selling pressure.
- Kraken and Bitfinex recorded over 20,000 BTC in net outflows in two days, tightening supply and reinforcing upward market strength.
BTC bullish momentum is building again, driven by rising trading activity on Binance, long-term holder accumulation, and major exchange outflows.
Binance Spot Volume Jumps as BTC Tests Resistance
Since the beginning of June, the company’s involvement in bitcoin spot trading has risen from 26% to 35%. This growth positions Binance as the top exchange by market share, reflecting broader participation during key market levels.
The trading surge follows increased price action as Bitcoin tests resistance. The expanded share suggests more traders are executing high-volume transactions on Binance. With spot volume climbing, the exchange’s role in short-term price formation becomes more central.
Source: Cryptoquant
The rise also supports the broader BTC bullish momentum by indicating higher liquidity and increased investor interest during periods of resistance testing.
Long-Term Holders Support BTC Bullish Momentum
The Long-Term Holder (LTH) Realized Cap Net Position has now returned above the $20 billion mark. This metric measures the realized cap of coins held by investors who retain BTC for over 155 days.
Rising values in this metric point to continued accumulation. LTHs are often viewed as stable holders who avoid short-term reactions and instead focus on strategic positions. A higher net position realized reflects reduced selling pressure and stronger holding behavior.
Historically, upward trends in LTH metrics have preceded sustained BTC bullish momentum. Accumulation phases from this group usually occur during or ahead of long-term price growth.
Exchange Withdrawals Add Fuel to BTC Bullish Momentum
Kraken and Bitfinex recorded net outflows of more than 20,000 BTC across two days. This level of activity represents one of the largest short-term withdrawal movements in recent months.
These transactions typically move BTC from exchange wallets to personal or institutional custody. The reduction in available coins on exchanges decreases immediate selling pressure and supports overall supply tightening.
Withdrawals of this size, combined with LTH accumulation and Binance’s trading surge, point toward continued BTC bullish momentum. The combined signals suggest market participants are positioning for continued strength despite recent price fluctuations.
