Binance News

The world’s largest crypto exchange Binance on Wednesday said it plans to delist some spot and margin trading pairs. The delisting to impact crypto such as Axelar (AXL), Coin98 (C98), Enjin Coin (ENJ), Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). As a result, the price of some abovementioned crypto drops in The post Binance Removes These Crypto Trading Pairs, Sparking Price Dip Concerns appeared first on CoinGape.

On-chain data shows the Bitcoin netflow on Binance has turned negative recently. Here’s what this could mean for the asset’s price. 14-Day SMA Bitcoin Binance Netflow Has Plunged Recently In a CryptoQuant Quicktake post, an analyst has discussed about the trend in the 14-day simple moving average (SMA) of the Bitcoin Exchange Netflow for the […]

Singapore, January 8, 2025 – UFLY Labs, a cutting-edge investment fund, announced on its official X platform that by January 7, 2025, it has successfully invested in 10 Web3 projects […] The post UFLY Labs Announces Breakthrough Investments with Listings on Binance, Upbit, and OKX appeared first on Live Bitcoin News.

After weeks of fluctuating performance, Bitcoin is once again in the spotlight as on-chain data highlights critical trends emerging from Binance, the world’s largest cryptocurrency exchange. The latest insight reveals that there has been an interesting move in Binance’s Netflow Simple Moving Average (SMA14), a key indicator often associated with shifts in Bitcoin’s short-term price direction. Historically, this metric has provided reliable signals regarding the platform’s investor sentiment and accumulation behavior. Related Reading: Anticipating A ‘2025 Super Cycle’: Bitcoin Rallies With Trump’s Regulatory Reforms On The Horizon Binance Netflow Data Signals Accumulation Phase A recent analysis by a CryptoQuant analyst, Burak Kesmeci, sheds light on Binance’s Netflow data from the past 90 days. According to Kesmeci, whenever the Netflow SMA14 moves into positive territory, Bitcoin tends to face short-term selling pressure, leading to temporary corrections. Conversely, when this indicator turns negative, it suggests a shift in investor sentiment toward accumulation, potentially signaling a short-term bullish trend. On January 6, 2025, Binance’s Netflow metrics revealed some notable insights. The Netflow on Binance recorded a value of -5,407 BTC, while the 14-day Simple Moving Average (SMA14) for Netflow stood at -483 BTC. These negative readings indicate that more Bitcoin is leaving the exchange than entering it, a behavior commonly associated with investor accumulation. Binance Netflow SMA14 Turns Negative “Both metrics confirm that investor behavior on Binance is leaning toward accumulation. This trend strongly supports the case for upward movement in Bitcoin’s price over the short term.” – By @burak_kesmeci Link 👇https://t.co/jSkRZ2TjLk pic.twitter.com/Rau37VjBQN — CryptoQuant.com (@cryptoquant_com) January 7, 2025 Historically, such trends have acted as early indicators of potential upward price movement, as reduced Bitcoin availability on exchanges reduces immediate selling pressure. When Bitcoin holders move their assets off exchanges, it usually signals their intent to hold long-term rather than sell. This pattern of behavior contributes to a supply squeeze scenario, where lower liquidity on trading platforms creates upward price pressure. The fact that Binance is the largest cryptocurrency exchange by trading volume gives this indication more credibility as the platform often serves as a barometer for broader market sentiment. Kesmeci concluded: In summary, both metrics confirm that investor behavior on Binance is leaning toward accumulation. This trend strongly supports the case for upward movement in Bitcoin’s price over the short term. Bitcoin Market Performance Bitcoin’s bullish momentum appears to be losing steam, as recent price action shows limited strength to sustain a rally. Just 24 hours ago, Bitcoin was trading above $102,000 after a 4% uptick. However, the asset has since retreated, erasing most of those gains and stabilizing just above the $100,000 threshold. Related Reading: MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence At the time of writing, Bitcoin is priced at $100,630, reflecting a modest 1.3% increase over the past day. Despite this slight uptick, the asset remains approximately 7% below its all-time high of $108,135, recorded last month. Featured image created with DALL-E, Chart from TradingView

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Creating and launching your own token on Binance’s PancakeSwap got easier than ever. The developers behind this amazing decentralized exchange have made launching token easier than ever. All you have to do is choose your token’s name, ticker and enter basic settings – there are no launch fees. Of course, you have to have add […] The post PankcakeSwap SpringBoard allows you to create token on Binance Smart Chain easily appeared first on CryptoCoinDaddy.

Binance has decided to delist Gifto’s GFT token along with bunch of other coins. Their team came up with a brilliant idea – they minted 1.2 billion GFT tokens on Binance Smart Chain, effectively doubling its total supply in matter of seconds. The team then deposited to Binance, Kucoin, along with bunch of other cryptocurrency […] The post Gifto team dumps GFT tokens on Binance, Kraken appeared first on CryptoCoinDaddy.

Bitcoin climbs 6% to $66K, breaking past the 200-day moving average and triggering $235M in liquidations. The post Bitcoin rises 6% while whales send massive USDT inflows to Binance appeared first on Crypto Briefing.