BTC price remains stable on Binance, as the exchange expands its dominance with $143 billion in reserves.

Market researchers stated that the Bitcoin (BTC) price remained in a range near its all-time highs on Binance in September, demonstrating stable momentum without any sharp drops. The price opened the month at high levels and continued to fluctuate, reflecting an accumulation phase, when buyers held onto their positions and some traders locked in profits. According to experts, this behavior indicates that the market remains confident in the continuation of the uptrend and is awaiting new triggers for further growth.

Daily trading volume data shows that sharp fluctuations in activity persisted throughout the month. However, they did not result in significant liquidity outflows. This suggests that market depth remains sufficient, and active participants ensure price stability even during short-term selling.

“The 30-day moving average of trading volume showed stability and even a slight increase in the middle of the month. This reflects a balanced influx of institutional and retail liquidity, maintaining a strong fundamental for Bitcoin. The stability of key support levels indicates investor confidence and a willingness to hold positions until new drivers emerge,” the researchers noted.

The balance of supply and demand remains a key factor. Stable volumes and prices near peaks indicate that buyers and sellers are in balance. This situation prevents sharp sell-offs and helps maintain the price within an upward range.

At the same time, Binance has strengthened its market dominance. An analysis of the top 10 exchanges shows that its reserves have reached $143 billion, significantly higher than those of second-place Coinbase. This result cemented Binance's leadership, widening the gap between it and its closest competitors. Since 2024, Binance's reserves have grown sharply, while Coinbase's have declined to approximately $97 billion. Bitfinex ranks third with $58 billion.

Source: cryptonews.net