$BTC
83448
-2.2%
Bitcoin Bulls Return as Binance Buy-Sell Ratio Turns Neutral
Bullish sentiment for Bitcoin is gaining traction again as Binance’s Taker Buy Sell Ratio — a key metric — has returned to neutral, signaling buyers are beginning to dominate the platform's volume. When the ratio is above 1, it typically indicates bullish momentum. As of now, it stands at 1.008, showing signs of positive market sentiment.
Though Bitcoin is down 1.47% over the past week, currently trading around $83,810, recent data suggests renewed buying interest. On April 14, the ratio even peaked above 1.1 when Bitcoin topped $86,000. If BTC reclaims $85,000, nearly $637 million in short positions could face liquidation.
