Binance Data Signals Bitcoin Accumulation as Price Surges Past $110K
Bitcoin has demonstrated strong bullish momentum, breaking past the $110,500 mark on Tuesday, June 10, 2025, recovering from last week''s market volatility. On-chain metrics and exchange data from Binance indicate growing accumulation, with key indicators such as the Taker Buy/Sell Ratio reaching 1.1, signaling stronger buying pressure. This development suggests potential upward price movement as institutional and retail investors appear to be accumulating BTC at current levels.
Bitcoin Shows Signs of Accumulation as Price Breaks $110K
Bitcoin surged past $110,500 on Tuesday, marking a recovery from last week''s volatility triggered by political and market uncertainties. On-chain metrics now suggest growing bullish momentum, with key indicators flashing accumulation signals.
Binance''s Taker Buy/Sell Ratio hit 1.1 this week, reflecting stronger buying pressure than selling—a historical precursor to upward moves. The 90-day Buy/Sell Pressure Delta is approaching 0.02, mirroring previous accumulation phases that preceded sustained rallies.
Price action has broken above the UTXO 1-day to 1-week band, indicating recent buyers are now in profit. This technical development, combined with steady accumulation patterns, sets the stage for potential continuation of the uptrend.
BNB Nears All-Time High Amid Market Divergence
BNB, the native token of Binance, is defying broader market trends by closing in on its all-time high (ATH). At press time, the asset was just 17% below its peak, having breached the $700 mark twice in 2024. This performance stands in stark contrast to most large-cap cryptocurrencies, which remain at least 40% below their ATHs.
Staking demand continues to absorb circulating supply, contributing to BNB''s liquidity resilience. The token was one of only two major altcoins—alongside solana (SOL)—to print new highs during last year''s ''Trump pump'' cycle. While SOL languishes 47% below its ATH, BNB''s narrow 17% gap signals remarkable market strength.
The 2021 bull run saw BNB surge to nearly $700, mirroring parabolic moves in assets like ethereum and Dogecoin. Current divergence suggests structural advantages beyond typical on-chain flows, potentially including Binance''s ecosystem growth and staking mechanics.
Solana''s 8.5% Rally After $143 Retest: A Sign of Major Recovery?
Solana (SOL) has shown resilience with an 8.5% rally following a retest of the $143 support level, a zone that previously held firm in April. The bounce suggests bullish sentiment, though trading volume remains lackluster, casting doubt on the sustainability of the uptrend.
Binance recorded a significant inflow of 2.8 million SOL last week, contributing to a 7% price drop from $155 to $143. Despite this, funding rates turned positive on June 8, hinting at shifting market dynamics. The bearish structure since mid-May remains intact, but the recent demand zone at $143 could signal a potential reversal.
Technical indicators paint a mixed picture. The Money Flow Index (MFI) reflects lingering bearish momentum, while the On-Balance Volume (OBV) continues its downward trajectory. For a decisive MOVE toward $178 or higher, a surge in buying volume is essential—something absent in recent weeks.
Traders eyeing short-term opportunities may find the current momentum shift advantageous, but expectations of an explosive rally should be tempered. Solana''s path to recovery hinges on reclaiming key levels with conviction.
