Even with Ethereum’s strong run where the coin has reached near $4k, on-chain data shows there is still more room for the bull rally to continue.
Ethereum All Exchanges Taker Buy Sell Ratio Shoots Up
As pointed out by a CryptoQuant post, the ETH all exchanges taker buy sell volume has shown a huge spike today.
The Ethereum all exchanges taker buy sell ratio (or volume) is an indicator that shows the ratio between long volume and the taker seller volume.
Now, common sense says, since every trade needs a buyer and a seller, how can there exist a difference between the two quantities?
Well, to understand the concept of taker buy and sell volumes, the idea of taker and maker needs to be understood first. Quoting the CryptoQuant data guide:
Taker: Taker trade refers to an order that is traded before going on the order book. All market order trades are takers.
Maker: Maker trade refers to an