Taker Buy/Sell Ratio Diverges On Binance
The post Taker Buy/Sell Ratio Diverges On Binance appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows the Bitcoin Taker Buy/Sell Ratio for Binance has diverged from the other exchanges recently. Here’s what this could suggest. Bitcoin Taker Buy/Sell Ratio Has Spiked On Other Platforms, But Not On Binance In a CryptoQuant Quicktake post, an analyst has discussed how the Taker Buy/Sell Ratio behavior on Binance has diverged from the rest of the sector recently. The “Taker Buy/Sell Ratio” refers to an indicator that tells us, as its name suggests, how the taker buy and taker sell volumes on a given exchange or group of exchanges compare. When the value of this metric is greater than 1.0, it means more users on the platform are willing to buy tokens at a higher price. Such a trend implies that a bullish sentiment is dominant on the exchange. On the other hand, the indicator being under the threshold suggests the taker sell volume is outpacing the taker buy volume, and a bearish mentality is shared by the majority of the traders. Now, here is a chart that shows the trend in the Bitcoin Taker Buy/Sell Ratio for all exchanges over the past couple of months: The value of the metric appears to have registered a huge positive spike in recent days | Source: CryptoQuant As displayed in the above graph, the 7-day average of the Bitcoin Taker Buy/Sell Ratio for all exchanges has recently witnessed a large spike and has gone well above the 1.0 level, indicating that the taker buy volume has sharply outpaced the taker sell volume. Despite the bullish sentiment present in the market as a whole, however, users on the Binance exchange are showing a different behavior. Below is the chart for the Taker Buy/Sell Ratio specifically for this platform.…
The post Taker Buy/Sell Ratio Diverges On Binance appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows the Bitcoin Taker Buy/Sell Ratio for Binance has diverged from the other exchanges recently. Here’s what this could suggest. Bitcoin Taker Buy/Sell Ratio Has Spiked On Other Platforms, But Not On Binance In a CryptoQuant Quicktake post, an analyst has discussed how the Taker Buy/Sell Ratio behavior on Binance has diverged from the rest of the sector recently. The “Taker Buy/Sell Ratio” refers to an indicator that tells us, as its name suggests, how the taker buy and taker sell volumes on a given exchange or group of exchanges compare. When the value of this metric is greater than 1.0, it means more users on the platform are willing to buy tokens at a higher price. Such a trend implies that a bullish sentiment is dominant on the exchange. On the other hand, the indicator being under the threshold suggests the taker sell volume is outpacing the taker buy volume, and a bearish mentality is shared by the majority of the traders. Now, here is a chart that shows the trend in the Bitcoin Taker Buy/Sell Ratio for all exchanges over the past couple of months: The value of the metric appears to have registered a huge positive spike in recent days | Source: CryptoQuant As displayed in the above graph, the 7-day average of the Bitcoin Taker Buy/Sell Ratio for all exchanges has recently witnessed a large spike and has gone well above the 1.0 level, indicating that the taker buy volume has sharply outpaced the taker sell volume. Despite the bullish sentiment present in the market as a whole, however, users on the Binance exchange are showing a different behavior. Below is the chart for the Taker Buy/Sell Ratio specifically for this platform.…
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