Bitrabo Editorial
Recent data indicates that the Bitcoin Net Taker Volume has predominantly remained negative, potentially impacting the asset’s price.
Bitcoin Net Taker Volume in Recent Times
The Net Taker Volume, highlighted by CryptoQuant community manager Maartunn, signifies a lack of robust taker buy volume over the past month.
This metric compares the Bitcoin taker buy and sell volumes in perpetual swaps to gauge market activity.
When the indicator is positive, it signals a higher taker buy volume, reflecting a bullish sentiment. Conversely, a negative value suggests a bearish market sentiment with more taker sell orders.
An analysis of the Bitcoin Net Taker Volume trend over the last month reveals sporadic ventures into positive territory, indicating a prevailing taker sell volume dominance.
A notable observation is that when positive values increased significantly, Bitcoin’s price also experienced an uptick, hinting at a potential recovery requirement.
Additionally, the Coinbase Premium Gap, monitored by CryptoQuant’s Ki Young Ju, has shown negative values, emphasizing more selling pressure on Coinbase compared to Binance, contributing to Bitcoin’s consolidation phase.
Bitcoin Price Update
Bitcoin is currently priced around $64,800, maintaining its sideways movement within a consistent price range.