Trading volume on the largest crypto exchange can signal peaks in the bitcoin price.
Bitcoin topped $61,000 in the run-up to the U.S. market open on Tuesday, with trading volume on Binance increasing.'s surge above $61,000 in the run-up to the U.S. open on Tuesday could signal a short-term peak in the price of the largest cryptocurrency by market value, if trading volume patterns on Binance are any guide.
That's illustrated by activity on Binance. A net $85 million in spot volume, the highest in more than three months, flowed into the largest crypto exchange by market value in one hour, according to cumulative volume delta figures from Glassnode. CVD tracks the net difference between buying and selling volumes.
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