Bitcoin Buy-Sell Ratio Ticks Above 1.0—Here’s Why That Matters
For the first time since the 2021 bull run, Bitcoin’s buy-sell ratio punches past equilibrium to 1.02. Same signal that preceded last cycle’s 300% rally.
The whale whisperer
On-chain data shows institutions quietly accumulating while retail traders argue about ’overbought’ signals. Sound familiar?
Liquidity tightrope
Bid-ask spreads are thinning faster than a hedge fund’s patience during a 10% correction. Market makers smell volatility.
Remember: Wall Street always front-runs the narrative—just like they did with ’inflation hedges’ in 2023 before dumping bags on true believers.
- Taker Buy Sell Ratio hits 1.02, signaling stronger buying pressure over selling activity.
- Similar ratio spikes in late 2022 and Oct 2023 marked sharp Bitcoin rebounds.
- Large wallets accumulate while retail reduces exposure, hinting at whale confidence in price upside.
Bitcoin has surged again, rising above $105,000 before stabilizing just under that level. The upward movement began in the last week of April, when the cryptocurrency pushed past $90,000. By May 14, Bitcoin was trading at $103,597
Much of this movement follows global developments. Trade relations between the United States and China have improved, with both countries reducing tariffs on a range of imports and exports. This easing of trade restrictions has boosted risk appetite across several markets, including digital assets like Bitcoin.
Analysts say that traders are responding with increased confidence, and one particular signal is drawing attention. The Taker Buy Sell Ratio, an indicator that measures market buy orders compared to sell orders, recently moved above 1.02. This suggests buying activity is outpacing selling, and similar events in the past have marked turning points in Bitcoin’s value.
Buyers Regain Control as Taker Ratio Climbs
CryptoQuant contributor G a a h explained that this metric has shown strength at key moments. “It’s worth noting that in previous periods, this same level has coincided with reversal zones or strong volatility, marking both the start and end of trends,” the analyst wrote.
He pointed to two moments in particular: the late 2022 market bottom between $15,000 and $20,000, and again in October 2023 when Bitcoin passed the $30,000 barrier.
In both instances, the same pattern of aggressive buying helped push prices higher. The recent jump above the 1.00 level suggests that buyers are once again taking short-term control of the market. If that trend holds, bitcoin could be positioned for further gains in the near future.
Still, the pattern also comes with risk. Past moves above this threshold have sometimes been followed by sharp reversals. Analysts are watching to see if the current MOVE results in another stretch of volatility or if it leads to sustained growth.
Whales Accumulate Bitcoin, Retail Exits
Beyond the metrics, wallet behavior is showing a split between investor groups. Large holders—wallets with between 10 and 10,000 BTC, often called Whales and Sharks—have increased their positions significantly. Over the last month, this group added 83,105 BTC, a notable total in both speed and volume.
On the other hand, smaller wallets have been trimming their holdings. Wallets with 0.1 BTC or less—classified as Shrimp—sold around 387 BTC during the same period. This pattern appears to be driven by retail investors locking in gains, expecting a possible local peak.
This divergence matters because sustained accumulation from major holders often acts as a strong support base. Market intelligence firm Santiment believes the aggressive buying from whales could push Bitcoin to retest or even surpass its previous all-time high of $110,000.
Even though smaller players are cashing out, the broader signals remain bullish. A favorable macro backdrop, technical strength, and coordinated accumulation by large wallets all suggest that the upward pressure may not be over yet.
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