Bitcoin’s market health is improving fast. Key metrics from CryptoQuant data suggest momentum is shifting back toward the bulls. Binance is gaining spot market control, long-term holders are loading up, and major exchanges are losing coin reserves.
Binance Captures the Spotlight
Binance is leading again. Its spot market share surged from 26% to 35% in early June. More traders now choose Binance to execute high-volume BTC trades. This rise in activity reflects growing interest as Bitcoin approaches major resistance levels.
Smart Money Moves In
Seasoned holders aren’t sitting on the sidelines. Long-term investors—those holding BTC for over 155 days—just pushed their realized cap above $20 billion. This metric only climbs when they accumulate instead of sell.
These investors don’t panic on dips. They often buy weakness and hold through volatility. Their return to accumulation usually signals a fresh bullish wave.
Exchange Balances Shrink Rapidly
Over two days, Kraken and Bitfinex lost 20,000 BTC to withdrawals. These coins didn’t vanish—they likely moved to cold storage. That’s a strong indicator of intent to hold long term.
When exchange reserves drop, the sell-side liquidity thins out. That often paves the way for faster price gains if demand picks up.
Outlook: Strong Hands, Less Supply, Bullish Setup
The signals are clear: more buyers, fewer sellers, tighter supply. Bitcoin looks poised for strength if these trends hold. Traders may see volatility, but the foundations point to an uptrend with staying power.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-outlook-strengthens-as-binance-gains-whales-accumulate/