3
Binance moved 42.8% of total spot volume over the past week but absorbed 79.7% of net selling pressure across five major exchanges, according to data from Traderview.
The imbalance raises the question of whether a venue needs to handle “most of the market” to set prices for the whole market.
The answer is no. A venue needs to be where the market most often determines the price.
Between Feb. 2 and 3, Binance recorded the largest 
reported over $1 billion in Bitcoin outflows in the week ending Jan. 23….
