Bitcoin (BTC) Strengthens on Binance: Is This the Start of a Bull Run?

Updated

April 30, 2025

Gambar Bitcoin (BTC) Strengthens on Binance: Is This the Start of a Bull Run?

Jakarta, Pintu News – In the past week, Bitcoin showed an increase of almost 10% and briefly broke the $95,000 mark. Although it is now at $94,686 with a slight gain of 0.7% in the last 24 hours, Bitcoin (BTC) has shown resilience post the recent correction. However, recent price action suggests a pause in the upward momentum, while market participants reassess short-term direction.

Buy Volume on Binance Surpasses Sell Volume

Joao Wedson, analyst from CryptoQuant, revealed a significant change in Bitcoin (BTC) trading activity on Binance. For the first time in six months, the Cumulative Volume Delta (CVD) on the Binance spot market is positive, meaning that cumulative buy volume now exceeds sell volume.

Since Bitcoin (BTC) bottomed out at around $75,000, CVD on Binance has shown an upward trend, indicating increased buying interest versus selling. Historically, Binance spot CVD has trended downward since 2021, with limited sustained positive periods. Given Binance’s influence as the largest global exchange, this recovery in CVD metrics is considered an important development to gauge risk appetite and market sentiment more broadly.

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Bitcoin (BTC) Short-Term Holder Realized Price

In a separate analysis, CryptoMe, another analyst from CryptoQuant, emphasized the importance of the relationship between Bitcoin (BTC) and the Short-Term Holder Realized Price (STH-Realized Price).

This price represents the average purchase price of coins held by short-term holders, which is usually considered an important support or resistance level during market cycles. During historical bull run periods, Bitcoin (BTC) price tends to hold above the STH-Realized Price. Currently, Bitcoin (BTC) is testing this level, and its ability to decisively break above it could signal a continuation of bullish momentum.

Conclusion

With buy volume outperforming sell volume on Binance and Bitcoin (BTC) testing the Short-Term Holder Realization Price, the market may be preparing for the next bullish phase. This observation gives hope to investors who have been waiting for signs of a stronger recovery in the Bitcoin (BTC) market.

Also Read: Is Bitcoin Miner’s Sales Hold a Good Sign?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.