Analysis: Binance spot volume dominance signals potential BTC rally

Binance's spot trading volume currently exceeds the combined volume of all other centralized exchanges (CEX), according to a post on X by Joao Wedson, CEO of the on-chain data analysis platform Alphractal. He added that if this trend continues, BTC is likely to rise, explaining that it signals strong interest in spot trading from large-scale traders and market makers.