Bitcoin Traders Panic While Binance Taker Volume Hits Record Low

• Bitcoin’s Net Taker Volume on Binance dropped to -$197M, signaling intense sell-side pressure from aggressive market participants.
• An analyst suggests extreme negative taker volume often signals local bottoms as fear-driven selling exhausts weak holders.

Today, the Bitcoin market mood is not much different from someone who just woke up and immediately got bad news: the most popular cryptocurrency is being squeezed again.

According to on-chain analyst Amr Taha from CryptoQuant, BTC Net Taker Volume on Binance was recorded at -$197 million. This is not a small number—it is the lowest since June 6. And not only that, this data reflects the dominance of aggressive selling, not just a regular correction.

Simply put, negative Net Taker Volume means that many traders choose to execute direct sales at market prices rather than passively placing buy orders.

Like a wet market, traders immediately shout, “Just take it now, the important thing is that it sells!” Well, since June 12, the seven-hour moving average of this metric has also continued to record red numbers, emphasizing the selling pressure that has not subsided.

Source: CryptoQuant

Middle East Tensions Make Traders Panic

On the other hand, the emergence of news about the Israeli military attack on Iran in the early hours of Friday morning triggered a wave of market reactions that were immediately felt in the crypto market. As an asset that is classified as high-risk, Bitcoin was also hit mercilessly. Many traders rushed to press the sell button, and those who played with leverage were also liquidated. The result? The selling pressure deepened.

Besides that, according to a report from CNF two days ago, whales—aka big players on Binance—were still holding on to their Bitcoin. They seemed to prefer storing their assets in personal wallets rather than leaving them on exchanges. Even then, major exchanges recorded massive outflows for BTC, as if to show that big players believed more in self-storage than quick sales.

Furthermore, at the time of writing, the price of BTC was still down around 2.45% in the last 24 hours. Trading at around $104,900, its daily transaction volume has skyrocketed to $70.96 billion—up more than 30%. This surge in activity usually reflects unusual conditions, either panic selling or quiet accumulation.

Is This the Last Buy Point for Bitcoin?

Interestingly, Amr Taha also added that conditions like this—where extreme selling pressure occurs along with a spike in volume and major geopolitical news—often occur near price bottoms. To use an analogy, it’s like when everyone walks out of a movie theater because of a fake fire, but those who know there’s a special screening sneak in through the back door. Weird? Maybe. But it happens all the time in the market.

Previously, similar conditions on June 6 showed the same thing. A large negative Net Taker Volume occurred, the market panicked, and in the next 24 hours, the price of BTC actually rose 4%. Will this pattern repeat itself? No one can guarantee it. But if you’re wondering when to buy, maybe when everyone is scared is the moment to consider.