Bitcoin Bulls in Control? Binance Taker Buy and Sell Ratio Points to Powerful Power
In a recent crypto-fast post, Chain Chain analyst Crazzyblockk highlighted that Bitcoin’s (BTC)’s sole Binance Taker buy-sell ratio has climbed to 1.131, indicating that bullish momentum is growing and dominated by aggressive buyers.
Bitcoin rides bullish waves
With BTC trading just above $100,000, Binance Taker Buy-Sell Metric shows that the Bulls are gaining control. According to Crazzyblockk’s analysis, the current ratio of 1.131 means strong upward pressure, reflecting the buyer’s dominance over the seller.
For beginners, the Binance Taker buy-sell ratio measures the balance between active buyers and sellers for Binance of Bitcoin. Ratio above 1 indicates that buyers are dominant (bulking sentiment), while signals below 1 are dominant (bulking sentiment).
Currently, the 7-day moving average of the ratio is 1.045, with the trend upward. In addition, the 30-day change increased by 12.1%, pointing to continued buying interest and strong positive momentum.
However, not all indicators are flashing green. The Z score of this ratio is a statistical measure of the degree to which the current value deviates from the mean – reaching 2.45, indicating that the market may be close to too much territory. According to analysts:
Historically, the ratio of Z scores to rise above 1.1 has resulted in corrections before the uptrend is resumed.
Crazzyblockk added that the Binance data offers multiple benefits. For example, deep fluidity provides a representation in books that accurately represent the recipient’s behavior. In addition, high trading volume makes it a reliable indicator.
On the strategic side, analysts pointed out that the ratio remains above 1.1, coupled with a ratio above BTC exceeding $99,000, which would be a bullish sign. Conversely, a decline below 1.05 may indicate an increase in profitability and the possibility of a short-term pullback.
BTC disrupts downward trend, but faces resistance ahead
Meanwhile, popular analyst Rekt Capital shared a weekly Bitcoin chart showing BTC is about to break into a long-standing downward trend that dates back to December 2024. According to analysts, BTC must stay above $98,700 to confirm this breakthrough and prepare for the next level of resistance to the next level of resistance, at $104,500.
Similarly, analyst Ali Martinez positioned $101,673 as a key resistance zone, which previously accumulated nearly 81,910 BTC. Martinez warned that failure to exceed this level could lead to a merger phase.
How many are there Key support levels BTC has to defend to avoid another sharp downturn. As tip By Martinez in another X post, BTC must not be below the $93,198 support level or it may keep pouring to $83,444.
From a positive point of view, recent exchange deposited BTC wallet address fall Achieving an eight-year low mark could further push BTC closer to its all-time high. At press time, BTC traded at $101,333, up 3.7% over the past 24 hours.
Featured images from unsplash.com, charts from cryptoFuant, X and TradingView.com
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