Recent data show that Bitcoin's net taker volume on Binance has reached record levels, while long-term holders continue to accumulate assets.
Aggressive Buyers Flood Binance Ahead of Jobs Data
Binance's net taker volume has spiked above the $100 million mark, confirmed by an update from CryptoQuant. The surge in volume aligned with the release of U.S. Non-Farm Payrolls data, particularly the increase of 147K jobs, exceeding predictions. Traders reacted with aggressive long positions.
Binance Dominates Open Interest as Traders Build Risk
Binance now holds 29.93% of Bitcoin open interest across all major exchanges, confirming its dominance in derivatives. Reports from CryptoQuant show that total open interest on Binance has risen from $4.2 billion in January to $9.8 billion currently. Bybit and Gate.io follow with 20.54% and 21.93%, respectively.
Diamond Hands Hit New Record With 14.5M BTC Held
Long-term holders of Bitcoin, defined as those holding for over 155 days, now control over 14.5 million BTC, a record high. This trend marks a historic shift in holder behavior, as long-term supply has remained steady despite significant volatility.
Recent market changes in Bitcoin show increasing interest from investors and strong conviction among long-term holders, which may suggest upcoming shifts in the market.
