Bitcoin has shown signs of resilience after setting a fresh low near $108,000, staging a recovery that lifted the price back above the $113,000 level. Bulls now try to reclaim the $115,000 level, but momentum weakens as sellers push back. The recovery eased pressure in the short term, yet uncertainty builds while the market tracks major macro risks. Related Reading: Bitcoin Retail Demand Retreats: 30D Change Falls To Lowest Level Since July The biggest concern comes from Washington, where the threat of a US government shutdown looms large. Traders expect volatility if policymakers fail to strike a deal, and risk assets like Bitcoin often react sharply to such headlines. As the deadline approaches, investors grow cautious and price action reflects that tension. Amid this backdrop, top analyst Maartunn flagged a notable Bitcoin Alert on Bybit. The Taker Buy/Sell Ratio surged to unusually high levels, signaling that traders opened aggressive long positions. Such spikes often reveal strong bullish conviction, but they can also create instability if those positions unwind. Bybit Data Shows Surge in Long Positions Analyst Maartunn highlighted a striking development in Bitcoin’s market structure: the Taker Buy/Sell Ratio on Bybit has surged to 24.26, marking the highest level since September. This unusual spike signals that traders have opened an aggressive wave of long positions, a move often interpreted as a strong bullish signal. According to Maartunn, this type of imbalance reflects a market where buy orders significantly outweigh sell orders, pointing to a sudden shift in sentiment. When the ratio reaches such extremes, it suggests that a large amount of fresh capital is entering through the long side of the order book. This indicates confidence among traders that Bitcoin’s rebound above $113,000 may have further room to expand if momentum holds. However, the implications are not one-sided. A surge in long positioning can add fuel to rallies, but it can also increase vulnerability if price action turns against overleveraged traders. In such cases, the market risks a cascade of liquidations, which can accelerate downward moves just as quickly as they amplify upward momentum. The coming days will be critical as Bitcoin tests the $115,000 resistance zone. A decisive breakout could validate the bullish positioning and pave the way toward $117,500. On the other hand, failure to push higher may trigger profit-taking or liquidations, pulling the price back toward $110,000. Related Reading: Ethereum Outflows Hit Spot Exchanges Again: Bullish Signal Or Neutral Flows? Bitcoin Holds Key Support But Faces Strong Barrier Bitcoin trades near $113,100 after bouncing from lows around $109,200, showing resilience in the face of recent selling pressure. On the 3-day chart, the price sits between critical levels: support from the 50-period moving average (blue) and resistance at the $117,500 zone, highlighted in yellow. This range has defined Bitcoin’s behavior for several weeks, and the market continues to consolidate within it. The broader structure reveals a series of lower highs since the July peak near $125,000, suggesting waning momentum in the medium term. However, the long-term trend remains intact, with the 100-period (green) and 200-period (red) moving averages trending upward and providing a strong base around $100,000 and $80,000 respectively. Related Reading: Ethereum OI Suffers Its Biggest Cleanup Since Early 2024 – Details A decisive break above $117,500 would invalidate the current lower-high structure and open the door for a retest of $120,000 and beyond. Conversely, failure to hold above $110,000 could drag Bitcoin lower, exposing the $105,000 region and testing investor confidence. Featured image from Dall-E, chart from TradingView
The price of Bitcoin has not shown any serious momentum so far in 2025 besides briefly surpassing the $108,000 level in mid-January. On the contrary, the flagship cryptocurrency has suffered some significant corrections over the past few weeks. The most recent pullback saw the BTC price heavily slump toward $92,000 after US President Donald Trump introduced new trade tariffs on Canada, Mexico, and China earlier this week. While the Bitcoin price quickly recovered above $100,000, it has since struggled to sustain any bullish momentum — currently trading around $96,500. HTX And BitMEX Users Load Their Bitcoin Bags — What We Know Prominent crypto analyst Ali Martinez took to the X platform to share that certain centralized exchanges have witnessed increased buying activity. This on-chain observation is based on changes in the “taker buy/sell ratio,” which measures the taker buy and taker sell volumes for a particular asset (Bitcoin, in this case). Related Reading: Dogecoin Price To $1, XRP To $6, And Solana To $1,000? Pundit Says You’re Not Bullish Enough For clarity, the taker buy volume is higher than the taker sell volume when the value of the taker buy/sell ratio is greater than one. Typically, this scenario is considered bullish, as it suggests the willingness of investors to pay a higher price for a specific cryptocurrency (Bitcoin). Contrastingly, a less-than-one value for the taker buy/sell ratio indicates that more sellers are willing to part with their assets at a lower price. This phenomenon implies that the sellers are overtaking the buyers, signaling a bearish investor sentiment in a particular crypto market. According to Martinez’s post on X, the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges experienced a notable upswing on Saturday, February 8. CryptoQuant data shows that the metric rose to around 5.7 on the BitMEX platform in the late hours of the day. Similarly, the Bitcoin taker buy/sell ratio climbed to as high as 16 on the HTX exchange on Saturday before later crashing down toward 0.4. Nonetheless, this piece of on-chain data indicates a spike in buying activity on the centralized trading platforms. Fresh buying activity on crypto exchanges could be bullish for the Bitcoin price, which has lacked the bite needed to sustain any upward movement. As of this writing, the premier cryptocurrency is valued at around $96,700, reflecting no significant price change in the past 24 hours. Is It Time To Buy BTC? In a separate post on X, Martinez suggested that it might be time for investors to dabble back into the BTC market. The rationale behind this suggestion is based on how the crypto crowd is feeling at the moment. Related Reading: Retail Investors Boost Bitcoin Accumulation By 72% Amid Intense Whale Selling – Details Recent on-chain data shows that the crowd sentiment toward Bitcoin is negative right now. However, prices have been known to move in the crowd’s opposite direction several times in the past. Featured image from iStock, chart from TradingView
The price of Bitcoin has been in a slight consolidation over the past week, with the premier cryptocurrency struggling to cross the $100,000 mark on Christmas day. However, investors are hoping that the BTC price will gift them one final rally before the close of 2024, and the latest on-chain signals suggest so. Can Increased Buying Pressure Push Bitcoin Price Back Toward $100,000? In a December 28th post on the X platform, popular crypto analyst Ali Martinez shared an exciting on-chain observation that could influence the Bitcoin price action before the end of 2024. This relevant on-chain indicator here is the “taker buy/sell ratio,” which tracks the taker buy and taker sell volumes for a specific cryptocurrency. Related Reading: A 20%-30% Correction Is ‘The Most Bullish Thing’ That Could Happen To Bitcoin – Analyst When the value of the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume. This phenomenon is usually considered a bullish signal, which suggests the willingness of investors to pay a higher price for a specific asset (Bitcoin, in this scenario). On the flip side, if the ratio’s value is less than 1, it suggests that more sellers are willing to sell their assets at a lower price. Typically, this means that the selling pressure is overwhelming the buyers in a particular crypto market while reflecting a bearish sentiment amongst investors. Martinez shared in the post on X that the Bitcoin taker buy/sell ratio on the OKX exchange witnessed a notable spike to as high as 2.3 on Saturday, December 28. This piece of data suggests a surge in buying activity on the centralized trading platform. Ultimately, this on-chain signal could be bullish for the flagship cryptocurrency, as the increased buying pressure could infuse some upward momentum in the Bitcoin price. As of this writing, the price of BTC sits just beneath the $95,000 mark, reflecting a 0.6% increase in the past day. BTC Continues To Flow Out Of Exchanges A pseudonymous analyst on the CryptoQuant platform revealed that the amount of BTC flowing into exchanges has hit a multi-year. This is consistent with the low Netflow-to-Reserve ratio, which tracks the difference between exchange netflows and exchange reserves. Related Reading: Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key A negative Netflow-to-Reserve ratio highlights that Bitcoin investors are choosing to keep their assets rather than sell for profits. This on-chain signal is bullish for the premier cryptocurrency and could set the stage for significant price growth in the future. Featured image created by Dall-E, chart from TradingView
The price of Bitcoin has somewhat cooled off, struggling to reach the highly-coveted $100,000 mark, after an intense bullish run all week long. However, investors appear to be undeterred by the sluggish price action of the premier cryptocurrency in the past few days. Bitcoin Taker Buy/Sell Ratio Is Rising — Impact On Price In a November 23 post on the X platform, prominent crypto analyst Ali Martinez shared that traders have taken to loading their bags with Bitcoin in recent days. This on-chain observation is based on the “taker buy/sell ratio,” which tracks the taker buy and taker sell volumes for a specific cryptocurrency. A greater-than-one value of the taker buy/sell ratio suggests that the taker buy volume is higher than the taker sell volume. This is usually considered a bullish signal, which suggests the willingness of investors to pay a higher price for a particular cryptocurrency (Bitcoin, in this case). Related Reading: Altcoins Continue To Surge Following Trump’s Victory – More Gains Ahead? In contrast, when the metric’s value is less than 1, it means that more sellers are willing to sell their assets at a lower price. Typically, this indicates a bearish sentiment amongst investors, as the selling pressure is overshadowing the buying pressure in the specific market. Martinez highlighted in his post on X that the Bitcoin taker buy/sell ratio across major trading platforms, including Binance, OKX, HTX, and Bybit, has witnessed a significant surge in the past day. As shown in the chart below, the metric spiked to a value of over 28 on Binance, the world’s largest exchange. Similarly, the Bitcoin taker buy/sell ratio climbed well above the 1 threshold, showing the mounting buying pressure in the open market. This level of intense buying activity could ensure that the premier cryptocurrency continues its rally toward the $100,000 milestone. As of this writing, the price of BTC stands around $97,800, reflecting a 1.1% decline in the last 24 hours. Nevertheless, the flagship cryptocurrency’s performance on the weekly timeframe is still impressive. According to CoinGecko data, BTC is up by nearly 8% in the past week. Who Is Buying? In another post on the X platform, Martinez revealed that a notable cohort of large investors (also known as whales) have been active in the Bitcoin market in the past few days. This class of whales involved here are those holding between 100 and 1,000 coins. According to data from Santiment, whales have purchased more than 40,000 BTC (equivalent to around $3.96 billion) in the past four days. Considering their influence on market dynamics, this buying activity from the Bitcoin whales could be bullish for price. Related Reading: Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH? Featured image from iStock, chart from TradingView
On-chain data shows that the Bitcoin taker buy/sell ratio has experienced a significant surge on a particular crypto exchange. Here’s how it could impact the price of the premier cryptocurrency. Bitcoin Investors Buying The Dip On This Exchange Prominent crypto pundit Ali Martinez took to the X platform to reveal that investors on a particular […]