Bitcoin Taker Buy/Sell Ratio Surges On Major Exchanges — Who Is Buying?

Bitcoin Taker Buy/Sell Ratio Surges On Major Exchanges — Who Is Buying?
The price of Bitcoin has somewhat cooled off, struggling to reach the highly-coveted $100,000 mark, after an intense bullish run all week long. However, investors appear to be undeterred by the sluggish price action of the premier cryptocurrency in the past few days. Bitcoin Taker Buy/Sell Ratio Is Rising — Impact On Price In a November 23 post on the X platform, prominent crypto analyst Ali Martinez shared that traders have taken to loading their bags with Bitcoin in recent days. This on-chain observation is based on the “taker buy/sell ratio,” which tracks the taker buy and taker sell volumes for a specific cryptocurrency. A greater-than-one value of the taker buy/sell ratio suggests that the taker buy volume is higher than the taker sell volume. This is usually considered a bullish signal, which suggests the willingness of investors to pay a higher price for a particular cryptocurrency (Bitcoin, in this case). Related Reading: Altcoins Continue To Surge Following Trump’s Victory – More Gains Ahead? In contrast, when the metric’s value is less than 1, it means that m ..

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