Buying pressure for Bitcoin (BTC) grew, driving the price beyond $79,000. Moreover, new analysis found that the constant drop in Bitcoin supply on exchanges suggests less immediate selling pressure.
Bitcoin futures demand on Binance has rebounded, and buyers are showing up in the cumulative net taker volume, according to data from CryptoQuant. The cumulative net taker on Binance reached $9.2 billion, the highest amount since February. The disparity between active buying and selling in Bitcoin futures is monitored by this indicator.
Buyers in Control
According to Amr Taha, an analyst at CryptoQuant, on Wednesday, this suggests that buyers are moving in aggressively and absorbing available sell-side liquidity once again.
Since the most recent Bitcoin price surge above $79,000 coincided with this favorable scenario, demand has re-entered the futures markets. The 90-day Futures Taker cumulative volume delta (CVD), which measures the three-month discrepancy between buy and sell volume, lends more evidence to this.
Since March’s conclusion, the metric has been steadily rising. According to CryptoQuant researcher Abdullah Zia, this ongoing rise demonstrates that aggressive market participants are consistently pressing the “Ask.” Similarly, $1.9 billion has poured into spot Bitcoin exchange-traded funds (ETFs) in the last seven days, indicating that demand in these financial instruments is still high.
The bull score index has hit six-month highs, which is one of many signs that suggest the beginning of a bull market for Bitcoin. According to CryptoQuant’s exchange reserve statistics, the supply is becoming more constrained as the Bitcoin balance on Binance decreases.
Bitcoin on Binance has dropped from around 675,000 BTC at the start of January to about 618,300 BTC. It has been seen that such low levels have historically indicated BTC macro bottoms in late 2022, early 2024, and mid-2025.