Binance’s Bitcoin liquidity surges ahead of price surge, with total trading volume topping $100 million twice

The Tokeninsight data chart shows that affected by news related to the spot Bitcoin ETF, the price of Bitcoin began to rise in the early morning of October 24th, Beijing time. The liquidity of the Binance BTC/USDT trading pair surged last night and this morning, with the total amount of buy orders + sell orders being two For the first time, it exceeded 100 million US dollars in one hour. From 23:00 on October 23 to 0:00 on October 24, the total number of buy and sell orders for the Binance BTC/USDT trading pair exceeded $114 million, an increase of 5.5 times compared to $17.7 million two hours ago. Two hours later, the total number of Bitcoin buy and sell orders on Binance exceeded $100 million again. Currently, the two Bitcoin trading pairs with the highest market share are from Binance, namely BTC/USDT and BTC/FDUSD. Other mainstream exchanges have not seen a significant increase in liquidity during the rise in Bitcoin prices.