Bitcoin Taker Buy-Sell Ratio Rebounds Back Into “Hold” Zone

On-chain data shows the Bitcoin taker buy-sell ratio has rebounded back into the “hold” zone after touching the selling level. Bitcoin Taker Buy-Sell Ratio Observes Brief Uplift Recently As explained by an analyst in a CryptoQuant post, taker buy-sell ratio may have a hint about where BTC can head next. The “taker buy-sell ratio” is an indicator that measures the ratio between the Bitcoin buy volume and the sell volume. When the value of this metric is above one, it means the long volume is more than the sell volume at the moment. Such a trend suggests the sentiment is bullish in the market right now. On the other hand, ratio values below one indicate that the general sentiment among the investors may be bearish right now. Now, here is a chart that shows the trend in the Bitcoin taker buy-sell volume over the last couple of years: The value of the indicator seems to have observed a small surge recently | Source: CryptoQuant As you can see in the above graph, the quant has divided the Bitcoin taker buy-sell ratio into three different zones. The analyst believes it’s best to buy BTC when the indicator is in the green zone, and to sell during periods of the red region. Related Reading | Bitcoin Holders Trigger Largest Capitulation In Its History, Bearish Horizon For BTC? The yellow portion between these two is the “hold zone,” where holding until the metric touches the upper red...