BTC buying pressure returns to early 2024 levels
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BTC buying pressure remains low, signaling the caution of market participants. Buyer taker volumes have fallen to levels not seen since the start of 2024. BTC buying demand remains low, reaching levels not seen since the start of 2024. Based on the taker buy volume levels, BTC is now accumulated cautiously, with no sense of urgency. BTC taker buy volumes reached levels not seen since the start of 2024, signaling more cautious traders. The trend was clearer on Binance, where buying remained subdued during the latest BTC dip to $109,000. | Source: CryptoQuant. The trend applies to all crypto exchanges, but its clearer on Binance. The one-month average of taker buy volumes is now similar to levels from early 2024, before the year-end bull rally. In the past quarter, there have been almost no rapid spikes of taker volumes, or FOMO buying. Instead, whales kept accumulating, though at a slower pace. Binance retained robust volumes while BTC dipped to $109,000, but in the days after that, buying showed significant weakness. On the open market, traders did not rush to buy the dip, as during previous cycles. For others, the relatively low but constant buying is also a signal of quiet accumulation, instead of panic-buying. As Cryptopolitan reported earlier, sellers are also not capitulating, causing a limited pressure on the BTC price. Will BTC consolidate? As with other signs of market weakness, BTC is showing signs of stagnation. The potential scenarios are a market recovery, or a prolonged period of sideways trading. BTC is now closely watched for a rebound in sentiment and a return to more active buying. For now, the caution signals a fear for moving into a bearish phase, making the current price levels less favorable for accumulation. A surge in taker buy volumes may be one of…
Filed under: News - @ September 30, 2025 11:27 am