{"id":483129,"date":"2022-02-08T19:00:38","date_gmt":"2022-02-08T19:00:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=483129"},"modified":"2024-06-11T06:58:48","modified_gmt":"2024-06-11T06:58:48","slug":"bitcoin-taker-sell-ratio-buy-signal-btc-lifts-off","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-taker-sell-ratio-buy-signal-btc-lifts-off\/","title":{"rendered":"Bitcoin Taker Buy\/Sell Ratio Shows “Buy” Signal As BTC Lifts Off"},"content":{"rendered":"
On-chain data shows the Bitcoin taker buy\/sell ratio is now lighting up a “buy” signal as the price of the crypto begins to take off.<\/p>\n
As explained by an analyst in a CryptoQuant post<\/a>, the taker buy sell ratio metrics can be used to find viable entry and exit spots in the market.<\/p>\n The “Bitcoin taker buy volume<\/a>” is an indicator that measures the volume of buy orders filled by takers in perpetual swaps. Similarly, the “taker sell volume” measures the amount of sell orders.<\/p>\n The “taker buy ratio” (or its sell counterpart) is defined as the ratio between the buy volume and the total volume on perpetual swaps.<\/p>\n When the value of the taker buy ratio goes up, it means the buyers are currently willing to buy coins at a higher price. Such a trend shows that the buying pressure is currently stronger than the selling pressure.<\/p>\n On the other hand, taker sell ratio moving up would indicate a shift towards a more bearish sentiment in the market.<\/p>\n Related Reading |\u00a0Is The Bitcoin Bottom In? Here’s What SOPR Data Says<\/a><\/strong><\/em><\/p>\n Now, here is a chart that shows the trend in these indicators over the past couple of years:<\/p>\n <\/p>\n As you can see in the above graph, the quant has marked the important periods of trend. It looks like whenever the taker buy ratio has moved above the 0.52 level, a buying spot has been signaled for Bitcoin.<\/p>\n On the other hand, the taker sell ratio touching similar values has historically indicated a selling point for the crypto.<\/p>\n Related Reading |\u00a0The Bear Signal That Suggests Another Bitcoin Crash Is Coming<\/a><\/em><\/strong><\/p>\n It seems the value of the taker buy ratio just passed the 0.52 mark recently, suggesting around now may be an ideal buying opportunity for Bitcoin.<\/p>\n At the time of writing, Bitcoin’s price<\/a> floats around $43.3k, up 12% in the last seven days. Over the past month, the crypto has accumulated 4% in gains.<\/p>\n The below chart shows the trend in the price of BTC over the last five days.<\/p>\n <\/p>\n After a long period of downwards movement, Bitcoin has finally enjoyed some constant uptrend over the past week. Earlier in the day, the coin’s price briefly broke above $45k before sliding down to the current levels.<\/p>\nThe taker buy ratio seems to have crossed the 0.52 mark recently | Source: CryptoQuant<\/a><\/pre>\n
BTC Price<\/h2>\n
BTC's price has shown some sharp uptrend over the past week | Source: BTCUSD on TradingView<\/a><\/pre>\n