Bitcoin Buying Pressure Hits 3-Month High Amid Stable Price
Bitcoin's Taker Buy/Sell Ratio on BitMEX has hit a 3.5-month high of 1.17, indicating aggressive buying activity despite a stable price around $29,000.
This surge in buying pressure mirrors pre-FTX collapse signals where the ratio rose amid sideways prices before a major event.
Similar spikes on Bybit suggest this is not an isolated trend to one platform, but rather a broader market phenomenon.
Investors are advised to watch if the ratio continues rising or falls, as either scenario could signal significant upcoming price volatility.