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Bitcoin’s Taker Buy/Sell Ratio Falls to 7-Year Low – What Does This Mean for BTC’s Price?


Bitcoin’s Taker Buy/Sell Ratio Falls to 7-Year Low – What Does This Mean for BTC’s Price?

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Market analysts believe bitcoin (BTC) still has about three months to complete this bull run, but on-chain signals are suggesting otherwise. One such indicator is the Taker Buy/Sell Ratio, which just plummeted to a level not seen in over seven years.

Data obtained by the market intelligence platform, CryptoQuant, revealed that such declines in the Taker Buy/Sell Ratio could signal the onset of a prolonged downward market trend.

Read the article at CryptoPotato

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Coins

$ 64.01K

-0.18%

$ 0.00...361

$ 0.00...022

$ 0.101

+1.59%

$ 0.000161

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