Binance Signals Caution in Bitcoin Market Amid Bullish Sentiment

Despite a surge in overall exchange trading activity, indicating strong buying momentum across the market, Binance, the world’s largest bitcoin exchange by volume, is demonstrating cautionary signs. New data from CryptoQuant highlights a concerning divergence between Binance’s taker activity and that of other centralized exchanges (CEXs). This could be weakening short-term bullish sentiment.