The Binance Buying Power Index has reached its lowest point in over a year, with the current 90-day Buying Power Ratio standing at -0.086. This decline, characterized by decreased stablecoin availability against Bitcoin outflows, mirrors a similar situation in mid-2024 that preceded a significant price increase for Bitcoin. Notably, while short-term ratios have shown volatility, recent stabilization suggests that selling pressure is diminishing. Despite the current low, long-term indicators remain positive, indicating that underlying demand on Binance persists even amid temporary market fluctuations.
Binance Buying Power Index drops to cycle low, hints at market recovery
