{"id":127262,"date":"2025-04-16T04:16:36","date_gmt":"2025-04-16T04:16:36","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127262"},"modified":"2025-04-16T04:16:36","modified_gmt":"2025-04-16T04:16:36","slug":"bitcoin-bulls-coming-back-as-key-metric-on-binance-flips-to-neutral","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127262","title":{"rendered":"Bitcoin bulls \u2018coming back\u2019 as key metric on Binance flips to neutral"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the platform\u2019s volumes.<br \/>\nThe Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to sellers of Bitcoin (BTC) in Binance, \u201chas returned to neutral territory,\u201d CryptoQuant contributor DarkFost said in an April 15 note.<br \/>\nBitcoin\u2019s bullish momentum is \u201cpicking up again\u201d<br \/>\nThe ratio currently stands at 1.008. When the ratio is higher than 1, buyers \u2014 usually a bullish sentiment indicator \u2014 dominate volumes, conversely, a ratio below 1 indicates that sellers, or bearish sentiment, are dominating.<br \/>\nBitcoin is trading at $83,810 at the time of publication. Source: CoinMarketCapBitcoin is trading at $83,810 at the time of publication, down 1.47% over the past seven days, according to CoinMarketCap data.<br \/>\n\u201cOver the past few days, the ratio has been mostly positive, suggesting that bullish sentiment is picking up again on Binance\u2019s derivatives market,\u201d Darkfost said. On April 14, when Bitcoin was above $86,000, the ratio was above 1.1.\u00a0<br \/>\nCoinGlass data shows that if Bitcoin reclaims $85,000, almost $637 million in short positions will be at risk of liquidation. Several key market indicators suggest that investors continue to favor Bitcoin over altcoins.<br \/>\nCoinMarketCap\u2019s Altcoin Season Index is currently at 15 out of 100, signalling it is still very much \u201cBitcoin Season.\u201d TradingView\u2019s Bitcoin Dominance Chart shows the asset\u2019s market share is sitting at 63.81%, up 9.82% so far this year.<br \/>\nBitcoin Dominance is up 9.88% since the beginning of 2025. Source: TradingViewOverall, crypto market participants are still appearing to feel hesitant. The Crypto Fear &amp; Greed Index shows the overall market sentiment on April 16 is in \u201cFear\u201d with a score of 29 out of 100.<br \/>\nSome analysts, including DeFiDaniel, commented that Bitcoin\u2019s recent price action is \u201cso boring.\u201d\u00a0<br \/>\nHowever, Cointelegraph earlier reported that Bitcoin apparent demand is on a recovery path, but it is not net positive yet. Historically, 30-day apparent demand can move sideways for a prolonged period after Bitcoin reaches a local bottom, leading to its price chopping sideways.<br \/>\nRelated: Bitcoin price recovery could be capped at $90K \u2014 Here\u2019s why<br \/>\nAnalysts have differing views over where Bitcoin is going to go next.<br \/>\nReal Vision chief crypto analyst Jamie Coutts told Cointelegraph in late March that \u201cthe market may be underestimating how quickly Bitcoin could surge \u2014 potentially hitting new all-time highs before Q2 is out.\u201d\u00a0<br \/>\nAnchorWatch CEO Rob Hamilton said in an April 15 X post that Bitcoin\u2019s price \u201cis flat for the day because we are in an epic tug of war between people who are selling Bitcoin to pay their taxes and people using their refunds to buy Bitcoin.\u201d The tax deadline in the US was April 15.<br \/>\nMagazine: Is Cambria S2 the riskiest, most \u2018addictive\u2019 crypto game of 2025? Web3 Gamer<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-bulls-returns-key-indicator-binance-neutral?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127262"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127262"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127262\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127262"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}