On-chain data shows the Bitcoin taker buy sell ratio has surged up to a high not seen since almost two years ago.
Bitcoin Taker Buy Sell Ratio Observes Uplift In Recent Days
As pointed out by an analyst in a CryptoQuant post, the taker buy sell ratio is now at its highest value in 636 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.
When the value of this metric is greater than one, it means the long volume is overwhelming the short volume right now. Such a trend suggests that a bullish sentiment is more dominant in the market currently.
On the other hand, the ratio