Bitcoin Net Taker Volume Plunges Into Red Zone on Binance — Is This the Calm Before BTC’s Next Surge?

Bitcoin's net taker volume just flashed a deep red signal on Binance—the kind that usually makes traders sweat. But before you panic-sell your stack, let’s break down what this really means for BTC’s price trajectory.

Net taker volume measures whether more traders are buying (green) or selling (red) at market prices. When it dives into the red, it typically signals short-term bearish pressure. But in crypto, bearish signals often precede the most violent rallies—just ask anyone who sold before the 2021 squeeze.

Here’s the twist: Binance’s BTC liquidity pool remains deeper than a Wall Street exec’s self-justifications. That means even with net selling pressure, the market can absorb shocks without collapsing. Meanwhile, open interest in BTC derivatives suggests big players are positioning for volatility—not necessarily downside.

So is this the dip to buy or the start of a deeper correction? History says red net taker volume often marks local bottoms, not tops. But in a market where ‘this time it’s different’ is the only constant, even seasoned pros keep antacids handy. One thing’s certain: when Binance’s order book bleeds, someone’s about to get rich—usually the guy who ignored the ‘smart money’.

BTC Gearing For A Run Of ‘Healthier Price Action’: Analyst

In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha explained the dynamics between the bitcoin price and its recent long liquidation event. According to the online pundit, the market leader could be preparing for more stable price action over the next few weeks.

Taha revealed that the critical $103,000 liquidation cluster, which held a large volume of overleveraged long positions on Binance, has been cleared off. This cascade of long liquidations came after the price of Bitcoin plunged toward the $102,500 level on Friday evening.

According to data from CryptoQuant, the price decline caused the long liquidations on Binance, the world’s largest exchange by trading volume, to exceed $160 million. The on-chain analyst noted that this long liquidation event also coincided with a major change in the bitcoin Net Taker Volume on the cryptocurrency exchange.

Taha highlighted that the Net Taker Volume has moved DEEP into the negative territory, falling to nearly -$100 million in the past day. As observed in the chart below, this latest plunge marks the third time the Net taker Volume has fallen to this level in the month of June.

According to Taha, the change in this metric suggests that aggressive selling outweighed buying activity during the liquidation event. The on-chain analyst outlines two possible reasons for this trend, including that long positions were forced to close, pushing sell orders into the market as the Bitcoin price fell below $103,000. 

Taha added that some sections of Bitcoin retail traders might have pushed the panic button and filled new sell orders in fear of further losses. In the end, the crypto analyst concluded that the combination of long liquidations and extremely negative Net Taker Volume might not be completely bad for the flagship cryptocurrency.

Taha said:

While such events often feel devastating in the moment, they lay the groundwork for healthier price action. Given these dynamics, the path of least resistance may now shift upward as Bitcoin stabilizes above key support levels with reduced leverage overhead.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $103,450, reflecting an over 1% decline in the past 24 hours.