Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark. As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading at $108,959, marking a 3.5% increase over the past 24 hours.
This puts the asset less than 1% away from its all-time high of $109,958 recorded in January. The rally builds on weeks of gradual price appreciation, suggesting persistent bullish sentiment among investors. However, while price action appears strong on the surface, market metrics suggest a more nuanced picture underneath.
New data from CryptoQuant analyst Maartunn sheds light on a shift in trading behavior, particularly on Binance, the world’s largest cryptocurrency exchange by
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