Bitcoin Soars Past $85K as Binance Net Taker Volume Surges

Bitcoin's price surged past $85,000 on Binance as net taker volume soared to $618 million in one hour.

This significant increase in buying pressure coincided with Bitcoin breaking through the $85,000 level and put leveraged short positions under pressure.

Data from CryptoQuant showed a sharp change in Binance's net taker volume, rising from approximately $11 million to $618 million within an hour as European trading opened.

The surge was concentrated on Binance, with other major exchanges not recording comparable spikes during the same window.