The post Analyzing Bitcoin’s market trends after its taker order volume falls appeared on BitcoinEthereumNews.com.

Bitcoin’s taker order volume has declined significantly, mirroring early February conditions when shorting activity was minimal At press time, long/short ratio had a reading of 1.42, with 58.6% of traders holding long positions Bitcoin’s taker order volume has shrunk significantly of late, hitting a low last seen in early February. This hinted at a shift in market behavior, as fewer traders are actively shorting BTC right now. Additionally, the funding rate has remained consistently positive over the past week – A sign that bullish sentiment continues to dominate the market.  Analyzing the long/short ratio, price trends, and funding rates will help assess Bitcoin’s potential trajectory in the coming days. Bitcoin taker order volume hits a low The net volume of taker orders has dwindled lately, indicating reduced trading activity from those aggressively placing market sell orders. Historically, a decline in taker order volume has often preceded periods of price stability or upward movement. A similar trend was seen in early February, before BTC attempted to hit $100k again. If history repeats itself, this could allude to a bullish accumulation phase, rather than an outright market reversal. Funding rate signals bullish bias Over the past week, Bitcoin’s funding rate has consistently remained positive too, reinforcing the notion that long positions have been dominant.  A positive funding rate means that traders with long positions are paying those with short positions – A sign that the market expects a price hike. This would be in line with the fall in short interest, with the same evidenced by decreasing taker order volume. Long/Short ratio and market sentiment Bitcoin’s Long/Short ratio had a reading of 1.42 at press time, with long accounts making up 58.6% and short accounts at 41.4%.  Source: Coinglass This imbalance leaned towards bullish sentiment, as many traders expect Bitcoin’s price to…

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Filed under: News - @ February 15, 2025 9:11 pm