Bitcoin Taker Buy/Sell Ratio Shows “Buy” Signal As BTC Lifts Off

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. Bitcoin Taker Buy Sell Ratio Suggests Now May Be A Good Time To Buy As explained by an analyst in a CryptoQuant post, the taker buy sell ratio metrics can be used to find viable entry and exit spots in the market. The “Bitcoin taker buy volume” 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. The “taker buy ratio” (or its sell counterpart) is defined as the ratio between the buy volume and the total volume on perpetual swaps. 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. On the other hand, taker sell ratio moving up would indicate a shift towards a more bearish sentiment in the market. Related Reading | Is The Bitcoin Bottom In? Here’s What SOPR Data Says Now, here is a chart that shows the trend in these indicators over the past couple of years: The taker buy ratio seems to have crossed the 0.52 mark recently | Source: CryptoQuant As you can see in the above graph, the quant has marked the important periods of trend. It looks like whenever the taker buy r...