Bullish sentiment could be returning to Bitcoin as a key metric from Binance, the biggest crypto exchange by trading volume, indicating that buyers are beginning to dominate the platform’s volume.
Binance Taker Buy and Sell Ratio calculates the ratio of buyers to Bitcoin (BTC) sellers and is “returning to neutral territory” of crypto contributor DarkFost I said Notes from April 15th.
Bitcoin’s bullish momentum is to “pick it up again”
The ratio is currently 1.008. If the ratio is above 1, the buyer (usually a bullish emotion indicator) controls the volume. Conversely, a ratio below 1 indicates that the seller or bearish feelings are dominated.
Bitcoin was traded at $83,810 at the time of publication. sauce: coinmarketcap
Bitcoin was trading at $83,810 at the time of publication, down 1.47% over the past seven days. According to Go to COINMARKETCAP data.
“The ratio has been largely positive over the past few days, suggesting bullish sentiment is being picked up again in Binance’s derivatives market,” says Darkfost. On April 14th, when Bitcoin exceeded $86,000, the ratio exceeded 1.1.
Coinglas data show Once Bitcoin regains $85,000, it will be at risk of liquidation to a short position of nearly $637 million. Several key market metrics suggest that investors continue to support Bitcoin over altcoin.
Coinmarketcap’s Altcoin Season index Currently, it is 15 out of 100, and it is still very “Bitcoin season”. Bitcoin domination in TradingView chart The market share of the asset is 63.81%, indicating that this year it has grown by 9.82% so far.
Bitcoin’s advantage has increased by 9.88% since the beginning of 2025. source: TradingView
Overall, crypto market participants still appear to be hesitant. Crypto Fear & Greed Index show The overall market sentiment for April 16th is in “fear,” with a score of 29 out of 100.
Some analysts, including Defidaniel; I commented That Bitcoin’s recent price action is “very boring.”
However, Cointelegraph previously reported that the obvious demand for Bitcoin is on the recovery path, which is not yet net positive. Historically, the obvious demand for 30 days could be moved sideways for a long period of time after Bitcoin reaches the local bottom and prices tick sideways.
Related: Bitcoin price recovery could close at $90K – this is why
Analysts have different views on where Bitcoin will move on.
Jamie Coutts, an analyst at Real Vision Chief Crypto, told Cointelegraph in late March.
Rob Hamilton, CEO of Anchorwatch I said In a post on April 15th, Bitcoin prices are “flat for that day because we are a tug of war of epic war between people selling Bitcoin to pay taxes and those using refunds to buy Bitcoin.” The US tax deadline was April 15th.
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This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
