In 2024, Binance accounted for 46.59% of the market share, reaching a cumulative spot volume of 7.23 trillion USD. This dominance signifies that investor confidence in cryptocurrencies remains strong, particularly on Binance, influencing overall market stability and trends.

As BTC prices peaked throughout 2024, Binance’s funding rate remained largely positive, suggesting an optimistic outlook among investors. Historical correlations show that fluctuations in Binance’s BTC balances impact prices, underscoring its critical role in the cryptocurrency market.