Bitcoin Bull Run Incoming? Binance Spot Volume Spike Hints at Major Price Breakout

Crypto markets are buzzing as analysts spot a tantalizing correlation: Every time Binance's spot trading volume surges, Bitcoin's price tends to rocket. Coincidence? These traders don't think so.

The volume-price tango

Exchange liquidity flows have long been a leading indicator for crypto moves—but this pattern's consistency is turning heads. When whales start moving stacks on Binance, retail FOMO usually follows within weeks.

Wall Street's watching (and fuming)

Traditional finance still can't decide whether to dismiss crypto or desperately ape into trades. Meanwhile, decentralized markets keep printing signals that would make any quant's algo blush. Maybe those 'primitive' chart patterns work after all?

Next stop: Price discovery

With spot volumes hitting levels that preceded past breakouts, the real question isn't if Bitcoin runs—but how high before the inevitable 'healthy correction' (read: 30% flash crash). Buckle up.

Bitcoin Rally Imminent? Binance Data Suggests So

According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s spot volume market share surging to 58% on July 23, has further strengthened the premier cryptocurrency’s $117,000 support.

This marks the second notable spike in Binance’s spot market dominance this month. On July 18, Binance’s share surged to 60%, coinciding with Bitcoin holding above the critical $117,000 mark on the daily chart.

Since then, the $117,000 level has served as a reliable support zone, likely buoyed by Binance’s DEEP liquidity and high execution reliability. Price stability at this level has been observed multiple times since the initial breakout.

In addition to this, Bitcoin’s price has shown strong resilience around the Realized Price of the 1-day to 1-week Unspent Transaction Output (UTXO) Age Band, which is currently NEAR $118,300.

For context, UTXO age bands classify bitcoin held in wallets based on how long it has remained unspent, offering insight into investor behavior. Shorter bands – 1 day to 1 week – typically reflect activity by newer or speculative holders, while longer bands – 6 months to 5 years – are associated with long-term holders with stronger conviction. Taha explained:

Historically, this metric acts as a dynamic support level, indicating that newer holders are not capitulating and that the average on-chain cost basis of recent buyers is being respected by the market.

Meanwhile, fellow crypto analyst Titan of Crypto took to X to highlight BTC following the bullish inverse head and shoulders pattern. In an X post, the analyst shared the following weekly chart, adding that BTC is on track to hit a target of $144,000.

Will BTC Hit $180,000 By Year End?

Bitcoin’s recent all-time high (ATH) of $123,218 has reignited speculation around even higher price targets before year’s end. According to CryptoQuant analyst Chairman Lee, BTC remains on track to reach $180,000 by the end of 2025.

Recent on-chain metrics support this bullish outlook. Notably, the Bitcoin IFP indicator suggests that major holders continue to hold BTC despite its proximity to record highs – unlike in previous cycles, where exchange inflows typically preceded significant corrections.

However, not all indicators point upward. Exchange reserves recently reached their highest levels since June 25, raising concerns about potential sell pressure. At press time, BTC is trading at $119,097, up 0.6% in the past 24 hours.