The post Bitcoin Bulls In Control? Binance Taker Buy-Sell Ratio Points To Strong Momentum appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a recent CryptoQuant Quicktake post, on-chain analyst Crazzyblockk highlighted that Bitcoin’s (BTC) Binance Taker Buy-Sell Ratio has climbed to 1.131 – indicating growing bullish momentum and a market dominated by aggressive buyers. Bitcoin Riding The Bullish Wave As BTC trades slightly above the $100,000 mark, the Binance Taker Buy-Sell metric suggests that bulls are gaining control. According to Crazzyblockk’s analysis, the current ratio of 1.131 implies strong upward pressure, reflecting the dominance of buyers over sellers on Binance. Source: CryptoQuant For the uninitiated, the Binance Taker Buy-Sell Ratio measures the balance between aggressive buyers and sellers for Bitcoin on Binance. A ratio above 1 indicates buyers are dominant (bullish sentiment), while below 1 signals seller dominance (bearish sentiment). Currently, the 7-day moving average of the ratio sits at 1.045 and is trending upward. Additionally, the 30-day percentage change has surged by 12.1%, pointing to sustained buying interest and strong positive momentum. However, not all indicators are flashing green. The ratio’s Z-score – a statistical measure of how far the current value deviates from the mean – has reached 2.45, suggesting that the market may be nearing overbought territory. According to the analyst: Historically, ratios above 1.1 with elevated z-scores have led to corrections before resuming uptrends. Crazzyblockk added that Binance data offers multiple benefits. For instance, deep liquidity in order books gives an accurate representation of taker behavior. Further, high trading volume makes it a reliable indicator. In terms of strategy, the analyst noted that a ratio remaining above 1.1 – coupled with BTC holding above $99,000 – would be a bullish sign. Conversely, a drop below 1.05 could indicate increased profit-taking and the potential for a short-term pullback. BTC Breaking Downtrend But Faces Resistance Ahead…

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Filed under: News - @ May 9, 2025 2:23 am