Binance Sees $1.09B in Bitcoin Buying Pressure, but BTC Still Can't Break Out

By Lidia Yadlos

Bitcoin buyers are becoming increasingly aggressive, but the market isn't reacting the way many traders would expect.

Over the past week, Binance recorded roughly $1.09 billion in Bitcoin cumulative volume delta (CVD), compared with just $22.5 million on Hyperliquid, according to market data from Velo. That means aggressive buying activity on Binance has been nearly 50 times greater than on the decentralized perpetuals exchange.

Under normal conditions, sustained buying pressure of that magnitude would be expected to push prices higher. Instead, Bitcoin has remained locked below key resistance, suggesting a large amount of selling liquidity continues to absorb incoming demand.

Binance Continues to Dominate Bitcoin Trading

The imbalance also reflects Binance's role in today's crypto market. According to CoinGlass, Binance processed approximately $9.34 trillion in derivatives trading volume during the first half of 2026, representing 26.6% of the global market, more than twice the share of its nearest competitor.

Meanwhile, CoinGecko estimates Binance accounts for39.6% of global spot trading volume and 27.8% of perpetual futures trading, reinforcing its position as the industry's largest source of Bitcoin liquidity.

Hyperliquid, by comparison, has become one of crypto's fastest-growing decentralized exchanges. The Block recently reported the protocol captured a record 6.63% of global perpetual futures volume during May, driven by expanding institutional interest and tokenized asset trading. Even so, Binance remains the primary venue where the largest Bitcoin orders continue to flow.

What the Order Flow Is Saying

Cumulative volume delta measures the difference between aggressive market buy orders and market sell orders over time. A rising CVD typically signals buyers are willing to pay market prices to acquire Bitcoin immediately rather than waiting for limit orders to fill.

For now, however, traders are watching the order book more closely than price forecasts.

If Binance's buying pressure continues building while available sell liquidity begins to thin, Bitcoin could finally break out of its consolidation range. If not, persistent buying without higher prices may indicate that larger market participants are still using rallies to reduce exposure.

Either way, the latest data suggests one thing clearly: the biggest battle between buyers and sellers is still taking place on Binance.

Published on Binance

Binance Sees $1.09B in Bitcoin Buying Pressure, but BTC Still Can't Break Out