Bitcoin Slides Below $115,000 While Spot Volume Surges Past $6 Billion – Recovery Ahead?
The post Bitcoin Slides Below $115,000 While Spot Volume Surges Past $6 Billion – Recovery Ahead? appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) fell to $114,386 earlier today, triggering nearly $300 million in liquidations over the past 24 hours as investor confidence in the asset remains shaky. Still, rising spot trading volumes offer a glimmer of hope that BTC may now be entering an accumulation phase. Is Bitcoin In The Accumulation Phase? According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s BTC spot trading volume surpassed $6 billion on August 18 – one of the most significant spikes this month. Taha noted that such sudden spikes typically signal increased participation from institutional investors and large traders, along with some retail activity looking to capitalize on heightened volatility. It’s worth noting that the surge in Binance spot volume coincided with BTC’s drop below $115,000 – a movement that can serve as a leading indicator of a potential reversal in price momentum. Historical data suggests that strong spot buying during price dips often reflects traders stepping in to accumulate BTC at discounted prices. This dynamic can ease selling pressure and lay the foundation for a rebound if demand persists. Taha also highlighted that the increase in Binance spot volume occurred alongside a decline in the Binance Whale-to-Exchange Flow, which fell from $6.4 billion to $5 billion – a $1.4 billion drop in whale transfers to Binance over the past week. This reduction in whale deposits suggests fewer large holders are sending BTC to exchanges for potential selling, a trend generally considered bullish. Taha concluded: Bringing these elements together – a surge in Binance spot volume, rising demand during a price dip, and a decline in whale deposits – the market is showing early signs of stabilization. If accumulation continues at current levels, Bitcoin has a solid chance to recover and retest higher resistance levels in the near term. From a technical…
Filed under: News - @ August 20, 2025 12:29 am