On-chain data shows that the Bitcoin taker buy-sell ratio has been the highest since February. Here’s what this may mean for the market.
Bitcoin Taker Buy Sell Ratio Has Registered A Spike Recently
An analyst in a CryptoQuant post pointed out that the current taker buy-sell ratio values may suggest a bullish sentiment in the market. The “taker buy sell ratio” is an indicator that measures the ratio between the taker buy and the taker sell volumes in the Bitcoin market.
When the value of this metric is less than 1, it means the taker sell volume is currently greater than the taker buy volume, which implies that the selling pressure is higher in the market. Such a trend suggests that most investors currently share a bearish sentiment.
On the other hand, values of the ratio above this threshold indicate the long volume is overwhelming the short volume right now, meaning that the investors are willing…
