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Binance Maintains Dominance In Bitcoin Futures Market; Records $1.88-T In Trading Volume

1 November 2025 at 21:00

While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network.

Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift

In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of $1.88 trillion in trading volume.

At the same time, the trader sentiment within Bitcoin’s futures market evidently appears to be undergoing a transition, with data from the Bitcoin: Futures Taker CVD (Cumulative Volume Delta, 90-Day) informing the supposition. For context, this metric tracks the net difference between taker buy volume and taker sell volume over 90 days, revealing if the traders in the futures market are predominantly adding to its buying pressure or contributing to its selling pressure.

XWIN Research points out that as of the middle of 2025, Bitcoin’s taker buy volume dominated the futures market, as most traders accumulated positions. This period of accumulation, notes the analyst, was seen as the flagship cryptocurrency climbed above $100,000. However, from late August to the present, there has been a re-emergence of taker sell pressure, signaling the predominance of profit takers in the market.

What This Means For Price

Contrary to what this structural shift might be interpreted as, the educational institution explains that the market seems instead to be becoming more mature. A typical mature market, as XWIN Research points out, is one where the market participants manage their exposure, rather than chase any or all price spikes.

The reappearance of taker sell pressure therefore signifies a growing inclination among traders to protect their gains nested within the $110,000-$115,000 price range. Historically, this kind of “moderation” has often been a sign of long-term strength. Binance’s $1.88 trillion in trading volume also lends credence to this view, as it reveals the presence of solid institutional confidence in the cryptocurrency’s long-term growth.

Aside from institutional backing, this trading volume also puts into perspective the width of global participation in the Bitcoin derivatives market. In the long run, the Bitcoin market could be in the early phases of a sustained and long-lasting expansion. At press time, Bitcoin is worth approximately $110,110. The premier cryptocurrency shows a slight growth of 0.40% in 24 hours. Also reflecting the online asset’s sideways movement is its net loss of 1.36% over the past seven days.

Featured image from iStock, chart from Tradingview

Solana Breaches Key $180 Level – What You Should Know

NewsBTC

By:Semilore Faleti

1 November 2025 at 16:30

Solana (SOL) is presently priced around $186, after a rather turbulent display in the past week. While the leading altcoin notably showed a significantly volatile price action, bearish sentiments reigned supreme, resulting in a net 4.37% loss. Interestingly, popular expert Ali Martinez has highlighted a critical price level for Solana investors’ attention amid the current market uncertainty.

To Fly Or Crash? Solana Future Rests On Key Price Point

In a recent X post, Martinez dives into the present Solana market structure, highlighting several potential developments tied to the $180 price level. Notably, the daily chart reveals that Solana has been strictly trading in an ascending channel since May 2025, with zero deviations recorded. Importantly, the altcoin has been moving near the lower boundary of this channel, currently around $180, which acts as a pivotal support. This price point also aligns with the 200-day simple moving average, thereby reinforcing its validity.

Furthermore, on-chain data from the leading analytics platform Glassnode shows that 24.5 million SOL were purchased at this level, reflecting a high market demand that will likely prevent further price incursion upon a retest. Looking at Martinez’s analysis, a consistent price hold above $180 retains the validity of the ascending channel and presents a setup for a potential price gain to $230, with further price targets at $290.

However, if an overwhelming bearish pressure pushes Solana below $180, investors can expect a further decline to around $115, while a potential crash to $50 is also feasible. Therefore, Solana’s behavior at $180 presents a possible 56% gain or 72% loss from current market prices.

Solana Market Overview

At press time, Solana (SOL) is trading at $185, up 4.57% over the past 24 hours. Despite the daily rebound, its monthly performance remains negative, with a 14.27% decline highlighting the broader weakness seen in the last week.

In a notable development, Bitwise launched the first-ever Solana Spot ETF on the New York Stock Exchange (NYSE) this week, marking a major milestone for altcoins. The achievement was quickly followed by Grayscale, which introduced its own Grayscale Solana Trust, further signaling growing institutional interest in Solana.

This week’s events represent a significant step toward broadening institutional access to Solana and other altcoins, paving the way for deeper market participation beyond Bitcoin and Ethereum.

According to SoSoValue data, the two newly launched ETFs have already attracted strong demand, recording $154.73 million in net inflows and $439.97 million in net assets within the first three trading days. Meanwhile, several other Solana-linked ETFs are reportedly in the pipeline, including the Canary Solana ETF, VanEck Solana Trust, and CoinShares Solana ETF, all currently awaiting SEC approval.