Over the previous week, the worth of Bitcoin managed to place in certainly one of its higher performances within the final one month. After ending August and beginning September beneath the psychological $110,000 degree, the premier cryptocurrency returned to above $115,000.
While the Bitcoin worth has considerably slowed down heading into the weekend, optimism is rising across the market about the opportunity of a recent rally. Interestingly, the newest on-chain information factors to the elevated chance of a “momentum-driven rally” for the Bitcoin worth.
Binance Taker Buy Sell Ratio Remains Positive For 3 Days
In a September 12 put up on the X platform, crypto analyst Burak Kesmeci shared an thrilling on-chain perspective to help the rising bullish narrative across the Bitcoin worth. According to the net pundit, the Taker Buy Sell Ratio on the world’s largest crypto change, Binance, has continued within the constructive territory for 3 days.
The Taker Buy Sell Ratio is an on-chain metric that compares the proportion of the taker purchase volumes to the taker promote volumes on crypto exchanges. A greater-than-one worth of this metric normally implies that the taker purchase quantity is larger than the taker promote quantity on an change (Binance, on this case). This development means that extra merchants are prepared to amass cash at a better worth on the buying and selling platform.
On the opposite hand, when the Taker Buy Sell ratio is beneath 1, it signifies that the taker promote quantity is bigger than the taker purchase quantity within the change. Ultimately, this worth means that extra sellers are prepared to promote cash at a lower cost within the open market.
Source: @burak_kesmeci on X
According to CryptoQuant information offered by Kesmeci, the Binance Taker Buy Sell ratio has been above the 1 threshold over the previous three days. This metric, sitting round 1.04, suggests a rising bullish momentum and rising investor confidence out there.
What’s extra, the metric’s native peaks are round 1.15 in 2025, that means that the investor sentiment shouldn’t be overheated but and will see additional rise from its present level. In this case, Kesmeci concluded that the constructive investor sentiment on the world’s largest crypto change by buying and selling quantity may set the stage for a momentum-driven uptrend for the Bitcoin worth.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $115,900, reflecting no vital motion up to now 24 hours.
The worth of BTC on the every day timeframe | Source: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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