💎Founder & CEO of @Alphractal
🏅CQ Verified Author on @CryptoQuant_com
⚙Master in Data Science and Artificial Intelligence
🦾Robotics Engineer
₿itcoin OG
🔥 Binance is dominating the crypto market like never before!
📈 Binance's spot volume is once again surpassing ALL other exchanges combined and is 8x larger than Coinbase's! Even with the total spot volume declining, Binance's dominance remains evident.
💡 In Jan/24, when Binance's volume surpassed all other exchanges, BTC jumped from $42K to $73K in the following weeks. Now, the Binance vs. Other Exchanges BTC Spot Volume Delta indicator is positive again! This could be a bullish signal for the coming months, even as the aggregated spot volume declines.
📊 Fun fact: At the beginning of 2024, Binance's volume was 19x greater than Coinbase’s, the largest exchange in the U.S. Today, it's still 8x larger, showcasing Binance’s global dominance!
🔍 I’ve done a detailed analysis on this—check it out!
https://t.co/FoYKPl9zzw