Bitcoin spot volume soars 10x, yet traders should be cautious – why?

Bitcoin’s spot volume on Binance soared 10X, yet contrasting metrics signal caution for traders, indicating potential sell pressure.

Binance’s spot trading dominates, exceeding Coinbase’s by over 10X, reflecting a concentrated market, yet BTC’s price remains stable rather than surging.

Key metrics show declining network growth and stock-to-flow ratios, highlighting challenges as new user engagement remains weak and sentiment cools.