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⛓️ Crypto🟢 BullishImportance 6/10
Bitcoin Buyer Activity Returns as February Selling Pressure Fades on Binance and Coinbase
🤖AI Summary
Bitcoin trading activity has shifted from selling to buying pressure as February's negative trends reverse on major exchanges. Binance's 30-day volume delta improved from -$145M to +$21M, while Coinbase recovered from -$88M to +$14M, indicating renewed buyer interest.
Key Takeaways
- →Binance Bitcoin volume delta flipped from -$145M in February to positive +$21M currently.
- →Coinbase volume delta recovered from -$88M to +$14M, showing similar buyer momentum.
- →The shift marks an end to February's dominant selling pressure across major exchanges.
- →Fed's upcoming FOMC meeting has 99% probability of no rate change with focus on forward guidance.
- →Trading volume indicators suggest renewed institutional and retail buyer interest in Bitcoin.
Read Original →via Blockonomi
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