On-chain data shows the Bitcoin taker buy/sell ratio has recently crossed above ‘1,’ a sign that the crypto could experience short-term bullish momentum. Bitcoin Taker Buy/Sell Ratio Surges Up Above A Value Of 1 As explained by an analyst in a CryptoQuant post, the current BTC taker buy/sell ratio trend may suggest the crypto might see sideways movement or a bullish reversal in the short-term. The “taker buy/sell ratio” is an indicator that tells us about the ratio between the long and short volumes in the Bitcoin futures market. When the value of this metric is greater than one, it means the long volume is more dominant at the moment. Such a trend suggests that the general sentiment is bullish right now. Related Reading | Bitcoin Long-Term Holder Capitulation Approaching Bottom Zone, But Not Quite There Yet On the other hand, the indicator’s value being less than that implies that the selling pressure is currently stronger than the buying pressure in the Bitcoin market. Now, here is a chart that shows the trend in the BTC 50-day moving average taker buy/sell ratio over the last year: Looks like the value of the metric has surged up in recent weeks | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant points of trend for the Bitcoin taker buy/sell ratio. It seems like whenever the indicator has sunk below a value of one, the coin’s price has obs...
