Bitcoin Sees Sharp Increase in Taker Buy/Sell Ratio on Binance
Bitcoin continues to edge closer to the $100,000 psychological price mark, trading at $96,857 at the time of writing. Although the asset pulled back slightly from a 24-hour high above $97,000, it still recorded a 2.4% increase over the past week, maintaining its broader uptrend.
Recent on-chain data points to a growing sense of bullish sentiment in the market. Notably, a sharp increase in the taker buy/sell ratio on Binance suggests that traders are becoming more aggressive in their buying behavior.
Some analysts are interpreting this shift as a potential prelude to further upside movement, especially as exchange outflows signal a tightening supply.
