Recent on-chain data for Bitcoin presents a compelling picture of strengthening bullish sentiment, with several key indicators aligning to suggest potential for further price appreciation.
Binance's Taker Buy/Sell Ratio :
What Is the Taker Buy/Sell Ratio?
The Taker Buy/Sell Ratio measures the volume of market buy orders (taker buys) relative to market sell orders (taker sells) on Binance exchange.
The most recent data point shows a sharp increase to 1.1,
This indicates significantly more aggressive buying (market buys) than selling among takers on Binance exchange.
Historically, a ratio above 1 indicates that market participants are engaging in more aggressive buying than selling.
Buy/Sell Pressure Delta (90D) Midway to Historical Peak:
The chart illustrates that this delta, which measures the net buying or selling pressure, is currently on an upward trajectory.
Crucially, it is mid-way towards previous peaks of "Buy Pressure" that were observed around 0.02. This indicates that there remains significant potential for growth before the market reaches an overheated state. The present delta reflects moderate accumulation, but not yet an indication of excessive greed.
Bitcoin Price Surpasses UTXO 1D~1W Band:
* This signals that new coins transacted within the past week are now in profit and being held, rather than flipped.
* Historically, such breakouts coincide with momentum shifts from distribution to aggressive re-accumulation.
* This typically reflects a younger cohort of buyers unwilling to sell, expecting higher prices.
Long-Term Holder Realized Cap Exceeds $56 Billion:
* This indicates strong conviction: coins are being transferred into wallets with low activity, usually held for over 155 days.
* The expansion of LTH realized cap also suggests that older coins are increasingly dormant, and smart money is not selling into strength.
📊 Conclusion:
Across various key indicators, clear evidence of renewed strength is emerging.
Written by Amr Taha
