Binance net taker volume spikes to $618M in one hour as Bitcoin breaks $85K
- —Binance net taker volume jumped $618 million in one hour on September 21
- —BTC/USDT rose about 6.7% in the same window as Bitcoin broke $85,000
- —Short liquidations across crypto markets exceeded $400 million
- —The spike was concentrated on Binance, with no comparable activity elsewhere
Why it matters: The lopsided aggressive buying on the largest derivatives exchange amplifies the short squeeze and could extend Bitcoin's near-term upside.
Source: Crypto Briefing