BTC returned to spot trading and the coin returned to Binance. The recent recovery was over $103,000 due to increased spot market volume.
BTC is returning to spot trading, with trading volumes on Binance increasing in November. After a series of liquidations, BTC derivatives trading became more cautious. At the same time, stablecoin and BTC inflows from new wallets signaled a resurgence in spot market activity.
After another day of long liquidations and a brief drop to the $100,000 level, BTC has recovered once again. On Thursday, the market rebounded from its lows, with the leading coin trading at $103,357.
Binance Marks Spot BTC and Stablecoin Inflow
In October, Binance saw an increase in BTC inflows from newly created wallets. After hitting a brief low in September, capital inflows have increased over the past month, creating the conditions for a more active spot market.
Binance further accumulated spot BTC inflows from new wallets in October. Centralized exchanges also saw an increase in spot trading volumes in early November. |Source: CryptoQuant.
In October, over 25.9K BTC flowed into Binance from newly created wallets. In 2025, spot inflows into Binance coincided with more dramatic price movements for BTC. As a cryptopolitan reported Previously, the spot market also offered a more secure toolset for trading BTC, but prices were still unpredictable.
This month saw activity by older whales, who often use intermediate addresses to move funds to Binance. However, the coins may be from older reserves.
Binance also holds record reserves of USDT on Tether. That’s all $41.7 billion This indicates that the stablecoin has been deposited on an exchange and may be ready to be traded or purchased. USDC reserves are also near record highs, further increasing available liquidity.
Binance traded over 50,000 BTC in early November
Binance’s spot market had a trading volume of 50,500 BTC in early November, the highest trading level since the October 10 crash. This volume is significantly higher than the monthly average and is reflected in the market price of BTC. Spot market activity shows that traders can still revive BTC based on simple spot trading.
A spike in spot trading volume signals traders changing positions, which could lead to a return to new purchases. Markets are still in wait-and-see mode, with liquidity accumulating. Traders and whales are unable to make large purchases in the spot as we are not seeing a strong breakout for now.
Based on spot activity bubble maporders are expanding, but trading behavior does not suggest a clear bullish direction. The market is still trading at historically neutral levels.
Selling pressure has eased in the spot market, but buyer volume has not yet returned to buying. November was still dominated by taker sell orders, revealing a still cautious trading mode and profit-taking as a precaution against a bear market.
Sentiment has now changed, and BTC is no longer trading with “absolute fear.” Bitcoin’s Fear and Greed Index has rebounded to 27 points following its recent hike to $103,000.
