The increase in commercial activity coincided with the fall of Bitcoin, says Cryptoquant.
Bitcoin can return to higher levels in the short term.
On August 1, Binance, the world’s largest exchange, recorded a daily volume of Bitcoin Spot Trade (BTC) that exceeded 7.6 billion dollars, marking one of the most significant increases in weeks.
This data reveals a intense activity of institutional investors and whales —Inversors with more than 1,000 BTC – who seek to take advantage of a recent drop in the price of digital currency, according to a analysis of the on-chain Cryptoquant data provider made by the trader AMR Taha.
The following graph clearly illustrates this trend. It is observed that Binance (represented in yellow in the upper part of each stacked bar) dominates the volume of Bitcoin spot trade throughout the period shown. The total volume peak for all platforms, and in particular for Binance, is evident around August 1, where the yellow bar reaches its highest point.
The increase in volume It coincided with a decrease in the price of Bitcoin, which fell from more than $ 118,000 to about $ 113,000.
The correction, triggered by the announcement of new import tariffs in the United States promoted by President Donald Trump, generated high volatility.
However, “historically, such spot volume peaks – as the increase of 7,000 million dollars of June 22 – have often associated with local minimums or important pivots in the price direction,” says Cryptoquant.
Whales and institutions in action
The high volume suggests aggressive accumulation. The analyst indicates that these peaks in the spot trade in Binance are usually led by institutional investors and whales that anticipate a rebound.
“Great spot volume entries typically indicate aggressive accumulation, often by institutional participants or whales,” explains the analysis.
The high demand in the spot market, especially in Binance, “can act as an advance indicator of incoming price support and a renewed ascending pressure,” he says.
Macroeconomic liquidity drives optimism
At the same time, the net liquidity of the United States Federal Reserve (FED) reached 6.17 billion dollars, a crucial factor for assets considered “risk” as Bitcoin.
The following graph shows The net liquidity of the Fed and the price of BTC. There is a general trend in which periods of increase in the net liquidity of the Fed (blue line rising or green bars) are usually accompanied, or being precursors, of increases in the price of Bitcoin (orange line). This becomes evident, for example, at the end of July and early August.
“An expansion in net liquidity means that there is more effective circulating in the financial system, which can flow towards shares, bitcoin and cryptocurrencies,” says Cryptoquant.
This increase, which reflects a possible turn of the Fed towards the flexibility of financial conditions, has historically coincided with increases in the marketsas observed at the end of 2023 and early 2024, the analyst stands out.
Bitcoin Alcista Scenario
Taha projects a promising future: “Bitcoin’s ascending trajectory seems ready to continue.” The convergence of mass volume in binance and the expansion of the net liquidity of the Fed Create favorable conditions for a rebound.
“If the past patterns are maintained, Bitcoin can return to higher levels in the short term, with potential objectives shaped by liquidity inputs and speculative positioning,” says the analyst.
Bitcoin is currently quoted at $ 113,000. The recent correction, far from being alarm, could be a window to acquire the digital currency at attractive prices, as cryptoics reported. If the price exceeds $ 125,000 clearly, its next price could reach $ 141,000 as the next technical and psychological objective, where it could face significant sales pressure.
The Bitcoin market is at a turning point. Intense Binance activity, backed by a favorable macroeconomic environment, indicates that large investors are positioning for a rebound.
