Bitcoin Taker Buy Sell Ratio Hits Highest Value in 636 days

The Bitcoin Taker Buy Sell ratio rose to an all-time high that was not witnessed since nearly two years ago, according to on-chain data.

Bitcoin Buyers Sell Ratio Seems to Have a Boost in Recent Days

A CryptoQuant analyst noted that the taker sells ratio now stands at 636 percent, which is its highest point in 636 calendar days.

The “taker buy sell ratio,” as its name suggests, is an indicator that measures the ratio between the taker buy volumes and the taker sell volumes.

If this metric has a greater value than 1, it indicates that the longer volume is outweighing the shorter volume. If this trend is evident, it means that the bullish sentiment in the market right now is stronger.

However, a ratio below the threshold indicates that taker volume is greater at the moment. This suggests that there is a majority bearish sentiment in the market.

Here’s a chart showing the Bitcoin Taker Buy Sell Ratio over the past couple years.

Bitcoin Taker Buy Sell Ratio

 Source: CryptoQuant| Source: CryptoQuant

The above graph shows that the Bitcoin Taker Buy Sell Ratio experienced a recent spike in value.

During this sudden increase, the indicator hit a high of 1.14, a value that it hasn’t seen since around 636 days ago.

Since these latest values are higher than the “1” mark, the taker buy volumes are currently more dominant in the market.

As an aside, these highs last occurred just prior to the start of the 2021 bull market. If a similar trend follows this time as well, then the current Bitcoin taker buy sell ratio values can prove to be bullish for the crypto’s price.

BTC price

At the time of writing, Bitcoin’s price floats around $21.5k, up 9% in the last seven days. The crypto’s value has dropped 10% over the last month.

The chart below shows how the currency’s price has changed over the course of five days.

Bitcoin Price Chart

 Source: BTCUSD on TradingView| Source: BTCUSD on TradingView

Bitcoin plunged hard two weeks ago and has since seen a sharp recovery. It has now regained $21k.

Currently, it’s unclear whether this recovery will last, or if the coin will see a retrace soon. BTC might see a bullish outcome, however, as we mentioned earlier, if BTC’s taker buy-sell ratio is any guide,

Image by Jievani Weerasinghe, Charts from and

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