šFounder & CEO of @Alphractal
š CQ Verified Author on @CryptoQuant_com
āMaster in Data Science and Artificial Intelligence
š¦¾Robotics Engineer
āæitcoin OG
š„ Binance is dominating the crypto market like never before!
š 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.
š” 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.
š Fun fact: At the beginning of 2024, Binance's volume was 19x greater than Coinbaseās, the largest exchange in the U.S. Today, it's still 8x larger, showcasing Binanceās global dominance!
š Iāve done a detailed analysis on thisācheck it out!
https://t.co/FoYKPl9zzw