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Bitcoin Taker Buy/Sell Ratio Hits New Low Since May 2018, Potential for Significant Market Adjustment Ahead
Summary: According to reports, cryptocurrency market analysis firm CryptoOnchain has stated on social media that the Taker Buy/Sell Ratio's 30-day moving average has dropped to the lowest point since May 2018, even lower than the bear market low in November 2021. This indicates a significant selling pressure in the market as buying momentum weakens, signaling a ...
According to reports, cryptocurrency market analysis firm CryptoOnchain has stated on social media that the Taker Buy/Sell Ratio's 30-day moving average has dropped to the lowest point since May 2018, even lower than the bear market low in November 2021.
This indicates a significant selling pressure in the market as buying momentum weakens, signaling a potential short-term price decline. Despite Bitcoin's price increase, the continuous downward trend of this ratio suggests unsustainable growth. If this trend persists, a significant market adjustment or long-term downward trend may be observed.
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Link: Bitcoin Taker Buy/Sell Ratio Hits New Low Since May 2018, Potential for Significant Market Adjustment Ahead [Copy]
