Bitcoin’s Momentum Builds: Binance Leads, Long-Term Holders Enter

Positive signs for Bitcoin’s market health are emerging. CryptoQuant data shows a strengthening trend towards bulls, with key indicators like Binance’s surge in spot market share and long-term holder accumulation contributing to this shift. Binance’s recent gains have fueled increased trading activity near key resistance levels, while seasoned investors with Bitcoin holdings over 155 days are loading up on the asset, reflecting a bullish outlook. Exchanges are witnessing a decrease in their Bitcoin reserves as well, suggesting a growing desire to hold rather than sell.