Bitcoin experienced a notable price decline, falling to approximately $113,000, which triggered a surge in spot trading activity exceeding $7.6 billion on Binance. This substantial volume spike, observed during the price dip, points towards strong interest from potential buyers entering the market despite the downward move.
Long-term investor confidence appears resilient, with data indicating that over 90% of Bitcoin’s circulating supply remains held at a profit. This suggests a persistent belief in Bitcoin’s value proposition among existing holders.
Concurrently, U.S. Federal Reserve net liquidity has reached $6.17 trillion, marking a significant multi-month high. Historically, such increases in central bank liquidity have provided a favorable environment correlated with strong upward movements in the Bitcoin market.
The combination of heightened buying activity during price weakness and expanding macroeconomic liquidity forms a potentially supportive foundation for Bitcoin’s price trajectory. Market observers note that similar volume surges often occur near local price lows, reinforcing the concept of strong underlying support for the digital asset.