Recent data from analytics firm Alphractal indicates that Binance's share of BTC spot volume has risen to nearly 45%, marking an increase since April 2025 and the highest level since late 2023.
Binance's BTC Market Share
According to new data from analytics firm Alphractal, Binance's share of BTC spot volume has risen to nearly 45%, climbing from around 40% in April 2025. This is the highest market share the exchange has seen since late 2023.
Impact on BTC Price
Alphractal CEO Joao Wedson believes the resurgence could have broader implications for Bitcoin’s price trajectory. "In past cycles, we’ve seen a clear correlation between Binance’s dominance in spot markets and subsequent bullish moves in BTC," he explained.
Market Future and Predictions
Despite the encouraging metrics, total Bitcoin spot volume across the market remains lower than the highs recorded in late 2024 and early 2025. Still, the consolidation of activity onto a single platform like Binance often precedes stronger price discovery and higher trading efficiency.
Wedson remains cautiously optimistic. While the recovery in Binance’s dominance doesn’t guarantee a breakout, it does lay the groundwork for renewed investor confidence.
