BlockBeats news, on August 27, the cryptocurrency market analysis agency CryptoOnchain stated on social media that the 30-day moving average of the Bitcoin Taker Buy/Sell Ratio has dropped to its lowest point since May 2018, even lower than the bear market low in November 2021.
This indicates that as buying momentum weakens, there is significant selling pressure in the market, suggesting that short-term prices may decline. Despite the rise in Bitcoin prices, the continued downward trend of this ratio indicates that the growth is not sustainable. If this trend continues, we may see a significant adjustment in market prices or a long-term downward trend.
