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<p><strong>Bitcoin’s recovery toward $76,000 is drawing caution from CryptoQuant analysts.&nbsp;</strong></p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Bitcoin’s price structure has improved as BTC recovered from March lows toward $76,000.</li>
   <li>Binance funding rates remain near zero, showing leveraged longs are not driving the rally.</li>
   <li>Falling taker buy volume suggests fewer traders are aggressively buying Bitcoin at current levels.</li>
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<p>Binance data shows flat funding rates, falling taker buy volume, and a record whale ratio, raising questions about the strength behind the rally. CryptoQuant analyst MorenoDV_ said Bitcoin has <a href="https://cryptoquant.com/quicktake/69f33a75e2872616b411be20-Why-Bitcoins-Rally-Looks-Strong-But-Binance-Data-Tells-a-Different-Story" rel="noopener noreferrer nofollow">formed</a> a clean rising structure from its March lows. The price has moved back toward the $76,000 area.</p>
<p>However, Binance funding rates have stayed near zero. The analyst said this shows the move is not being driven by aggressive leveraged long positions.</p>
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<p>In stronger bullish trends, rising prices often come with higher funding rates. That pattern has not appeared yet on Binance.</p>
<h2 class="wp-block-heading" id="strong-taker-buy-volume-shows-weaker-demand-strong"><strong>Taker buy volume shows weaker demand</strong></h2>
<p>MorenoDV_ also pointed to falling taker buy volume on Binance. This metric tracks aggressive buyers entering the market at current prices.</p>
<p>The analyst said taker buy volume has declined while Bitcoin has moved higher. That means fewer traders are chasing the rally through market buys.</p>
<p>This can suggest quiet <a href="https://crypto.news/bitcoin-price-slips-as-daily-macd-turns-bearish-at-76k/" rel="noopener noreferrer nofollow">accumulation</a> through limit orders. It can also mean the rally is moving on weaker selling pressure, not strong new demand.</p>
<h2 class="wp-block-heading" id="strong-short-term-holder-level-remains-key-strong"><strong>Short-term holder level remains key</strong></h2>
<p>MorenoDV_ <a href="https://cryptoquant.com/quicktake/69f3294f48fcaa4937fb4b3e-Bitcoin-Is-Close-to-Flipping-the-Market-Structure" rel="noopener noreferrer nofollow">said</a> Bitcoin’s Short-Term Holder MVRV is approaching an important trendline. This metric tracks whether recent Bitcoin buyers are in profit or loss.</p>
<p>The analyst said a sustained reclaim of the short-term holder realized price would change market structure. It would move recent buyers from loss into profit.</p>
<p>That shift could reduce pressure from holders trying to exit near break-even. Until then, the analyst said the trendline remains a ceiling, not a support level.</p>
<h2 class="wp-block-heading" id="strong-binance-whale-ratio-hits-record-high-strong"><strong>Binance whale ratio hits record high</strong></h2>
<p>CryptoQuant analyst CryptoOnchain also warned that Binance’s Bitcoin Exchange Whale Ratio remains elevated. Its 100-day simple moving average reached 0.494, a record high.</p>
<p>The whale ratio compares the top 10 exchange inflows with total exchange inflows. A higher reading shows that large wallets make up a bigger share of deposits.</p>
<p>As previously <a href="https://crypto.news/bitcoin-faces-whale-selling-warning-as-binance-ratio-hits-ath/" rel="noopener noreferrer nofollow">reported</a>, the data may point to heavy whale distribution. It also suggests large exchange activity remains a risk while Bitcoin tries to extend its recovery.</p>
<p>The combined data shows a mixed market setup. Bitcoin’s price structure looks stronger, but Binance derivatives and whale metrics show caution.</p>
<p>Read more: <a href="https://crypto.news/will-ethereum-fall-below-2000-as-it-loses-trendline-support/" rel="noopener noreferrer nofollow"> Will Ethereum fall below $2,000 as it loses trendline support? </a></p>
<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>

Bitcoin rally faces test as funding rates stay flat

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