Crypto
Bitcoin Spot Demand Shifts to Binance Amid 27% Price Surge
Binance has captured $2.63B in inflows matching ETFs, according to recent data. This shift in liquidity into spot markets occurred during Bitcoin's 27% move between Aug. 19-25.
The same period saw U.S. spot BTC ETFs receive $3.05B in flows, but the majority of this capital concentrated on Binance rather than derivatives. Market structure suggests sustained spot demand over headline rally calls, with open interest falling 8.5% while spot volume accelerated.
Binance daily spot volume reached $13.69B, up 188%, and accounted for 46% of tracked volume during this period. The exchange's dominance in the market is clear, but some caution may be warranted given fading momentum signaled by the MACD death cross at 446.51.