The worth of Bitcoin has not shown any serious momentum thus far in 2025 moreover briefly surpassing the $108,000 degree in mid-January. On the opposite, the flagship cryptocurrency has suffered some important corrections over the previous few weeks.
The most up-to-date pullback noticed the BTC worth closely droop towards $92,000 after US President Donald Trump launched new commerce tariffs on Canada, Mexico, and China earlier this week. While the Bitcoin worth shortly recovered above $100,000, it has since struggled to maintain any bullish momentum — at present buying and selling round $96,500.
HTX And BitMEX Users Load Their Bitcoin Bags — What We Know
Prominent crypto analyst Ali Martinez took to the X platform to share that sure centralized exchanges have witnessed elevated shopping for exercise. This on-chain commentary relies on adjustments within the “taker buy/sell ratio,” which measures the taker purchase and taker promote volumes for a selected asset (Bitcoin, on this case).
For readability, the taker purchase quantity is increased than the taker promote quantity when the worth of the taker purchase/promote ratio is larger than one. Typically, this state of affairs is taken into account bullish, because it suggests the willingness of traders to pay the next worth for a selected cryptocurrency (Bitcoin).
Contrastingly, a less-than-one worth for the taker purchase/promote ratio signifies that extra sellers are prepared to half with their belongings at a lower cost. This phenomenon implies that the sellers are overtaking the consumers, signaling a bearish investor sentiment in a selected crypto market.
According to Martinez’s put up on X, the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges skilled a notable upswing on Saturday, February 8. CryptoQuant knowledge reveals that the metric rose to round 5.7 on the BitMEX platform within the late hours of the day.
Similarly, the Bitcoin taker purchase/promote ratio climbed to as excessive as 16 on the HTX alternate on Saturday earlier than later crashing down towards 0.4. Nonetheless, this piece of on-chain knowledge signifies a spike in shopping for exercise on the centralized buying and selling platforms.
Fresh buying activity on crypto exchanges might be bullish for the Bitcoin worth, which has lacked the chew wanted to maintain any upward motion. As of this writing, the premier cryptocurrency is valued at round $96,700, reflecting no important worth change prior to now 24 hours.
Is It Time To Buy BTC?
In a separate put up on X, Martinez suggested that it is likely to be time for traders to dabble again into the BTC market. The rationale behind this suggestion relies on how the crypto crowd is feeling in the intervening time.
Recent on-chain knowledge reveals that the gang sentiment towards Bitcoin is unfavorable proper now. However, costs have been identified to maneuver within the crowd’s wrong way a number of instances prior to now.
