BitMEX Taker Buy/Sell Ratio Spikes, Echoing Pre-FTX Volatility
Bitcoin's price has been moving sideways recently as the BitMEX Taker Buy/Sell Ratio spikes, echoing patterns seen before the collapse of FTX.
The ratio, which measures the buying pressure on BitMEX, reached a high of 1.18, indicating a strong imbalance between buyers and sellers.
This is reminiscent of the pre-FTX era when similar ratios were observed, potentially signaling a market shift.
Experts warn that this could be a sign of increased volatility in the Bitcoin market.