Over the previous week, the price of Bitcoin managed to place in one among its higher performances within the final one month. After ending August and beginning September beneath the psychological $110,000 degree, the premier cryptocurrency returned to above $115,000.
Whereas the Bitcoin value has considerably slowed down heading into the weekend, optimism is rising across the market about the opportunity of a contemporary rally. Apparently, the newest on-chain knowledge factors to the elevated risk of a “momentum-driven rally” for the Bitcoin value.
Binance Taker Purchase Promote Ratio Stays Constructive For 3 Days
In a September 12 publish on the X platform, crypto analyst Burak Kesmeci shared an thrilling on-chain perspective to help the rising bullish narrative across the Bitcoin value. In line with the web pundit, the Taker Purchase Promote Ratio on the world’s largest crypto trade, Binance, has endured within the optimistic territory for 3 days.
The Taker Purchase Promote Ratio is an on-chain metric that compares the proportion of the taker purchase volumes to the taker promote volumes on crypto exchanges. A greater-than-one value of this metric often implies that the taker purchase quantity is greater than the taker promote quantity on an trade (Binance, on this case). This development means that extra merchants are prepared to amass cash at a better worth on the buying and selling platform.
Alternatively, when the Taker Purchase Promote ratio is beneath 1, it signifies that the taker promote quantity is larger than the taker purchase quantity within the trade. In the end, this worth means that extra sellers are prepared to promote cash at a lower cost within the open market.
Supply: @burak_kesmeci on X
In line with CryptoQuant knowledge supplied by Kesmeci, the Binance Taker Buy Sell ratio has been above the 1 threshold over the previous three days. This metric, sitting round 1.04, suggests a rising bullish momentum and rising investor confidence available in the market.
What’s extra, the metric’s native peaks are round 1.15 in 2025, which means that the investor sentiment is just not overheated but and will see additional rise from its present level. On this case, Kesmeci concluded that the optimistic investor sentiment on the world’s largest crypto trade by buying and selling quantity may set the stage for a momentum-driven uptrend for the Bitcoin value.
Bitcoin Value At A Look
As of this writing, the value of BTC stands at round $115,900, reflecting no important motion previously 24 hours.
The value of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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