It appears that on Binance’s spot market, buyers have suddenly realized that selling everything isn’t the only way to experience the crypto rollercoaster. After months of sellers throwing Bitcoin around like it was free candy at a space convention, hopeful buyers are nudging the scales slightly upward. Bitcoin, meanwhile, is stubbornly clinging to its lofty perch above some arbitrarily important price levels—as if to say, “I’m not just a passing fad, thank you very much.”
The Binance CVD Analysis
According to CryptoQuant (who sound like the quantum physicists of crypto data), the Cumulative Volume Delta, or CVD—basically the scoreboard of who’s winning between buyers and sellers—has started marching upward since Bitcoin took a leisurely fall to around $75,000. Think of it as Bitcoin’s version of a climatic plot twist, where the underdog buyers finally take the lead.
Our trusted analyst, Joao Wedson, shared some charts revealing that while Binance’s CVD is suddenly feeling positive vibes, other exchanges like OKX, Bybit, HTX Global, BitMEX, and Deribit seem to be sulking in the corner with declining numbers. Classic underdog story, anyone?
Binance Spot Buying Volume Rises Above Selling Volume for the First Time in Six Months
Yes, you read that right. After what seems like eons, buying volume on Binance’s spot market is actually outpacing selling volume. The market gods might be having a laugh.
Since the $75k USD bottom, the CVD (Cumulative Volume Delta) has been trending…
— Joao Wedson (@joao_wedson) April 28, 2025
Breaking news: the world has not ended! This spike in CVD breaks the dreary pattern seen since 2021, when positive Binance growth was about as rare as a polite internet comment. Bitcoin’s price surge to ~$94,000 by late April has given traders some pep in their step and possibly faith in the future.
Joao also insists that a rising CVD symbolizes serious buying pressure and a collective increase in trader confidence—except an AI didn’t tell him to say that. Keep an eye on this trend because it might just be the market’s version of a plot twist or a prank.
Is Demand Rising for Bitcoin?
Stepping outside the confines of Binance, other mysterious forces seem to be stirring the cauldron of Bitcoin demand. CoinShares reports $3.4 billion sneaked into digital asset investment products last week, proving some folks still believe in the magic of blockchain over bartering with seashells.
CoinGape cheerily notes that BTC inflows surpassed $3 billion, with Ethereum trailing at $183 million after a brief exile to outflows. Investors apparently decided that “Hodl” has a nice ring to it after all.
Meanwhile, corporate titans are diving into Bitcoin like it’s the last life raft on the Titanic. Strategy Inc’s hefty purchase of 15,355 Bitcoin worth $1.42 billion signals they’re serious. Then there’s the whale club, splashing $110 million on Bitcoin and Ethereum in over-the-counter deals. When whales dance, the market listens (or at least tries to keep up).
Peter Chung from Presto, channeling his inner crystal gazer, confidently predicts a $210,000 Bitcoin price in 2025—apparently driven by institutional adoption and a flood of global liquidity. Sounds optimistic or just a good way to keep the hype alive.
Key Market Trends to Watch
If Bitcoin is the rock star of the crypto world, then ETFs and SEC approvals are the groupies desperately trying to get backstage. The SEC recently greenlit the first XRP futures-based ETF, which racked up enough volume in 30 minutes to make a high-frequency trader weep with joy.
Away from Binance’s bright spotlight, Bitcoin whales and sharks are prowling the waters, while some on-chain metrics sound suspiciously bullish. You might say the ocean of crypto is bubbling with activity, or at least some very enthusiastic splashes.
According to CoinMarketCap, Bitcoin’s sword balances at around $94,011.77 at the time of writing, sporting a modest 1.16% rise in the past day and a 71.62% surge in trading volume. The financial stars seem aligned for at least some kind of upward shimmy—take that as you will. 🚀🪙
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2025-04-28 23:59