Bitcoin Taker Buy/Sell Ratio Spikes On Major Exchanges — Time To Buy?

Opeyemi Sule

4 months ago

3 mins read

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The price of Bitcoin has not shown any serious momentum so far in 2025 besides briefly surpassing the $108,000 level in mid-January. On the contrary, the flagship cryptocurrency has suffered some significant corrections over the past few weeks.

The most recent pullback saw the BTC price heavily slump toward $92,000 after US President Donald Trump introduced new trade tariffs on Canada, Mexico, and China earlier this week. While the Bitcoin price quickly recovered above $100,000, it has since struggled to sustain any bullish momentum — currently trading around $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 certain centralized exchanges have witnessed increased buying activity. This on-chain observation is based on changes in the “taker buy/sell ratio,” which measures the taker buy and taker sell volumes for a particular asset (Bitcoin, in this case).

For clarity, the taker buy volume is higher than the taker sell volume when the value of the taker buy/sell ratio is greater than one. Typically, this scenario is considered bullish, as it suggests the willingness of investors to pay a higher price for a specific cryptocurrency (Bitcoin).

Contrastingly, a less-than-one value for the taker buy/sell ratio indicates that more sellers are willing to part with their assets at a lower price. This phenomenon implies that the sellers are overtaking the buyers, signaling a bearish investor sentiment in a particular crypto market.

According to Martinez’s post on X, the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges experienced a notable upswing on Saturday, February 8. CryptoQuant data shows that the metric rose to around 5.7 on the BitMEX platform in the late hours of the day.

Similarly, the Bitcoin taker buy/sell ratio climbed to as high as 16 on the HTX exchange on Saturday before later crashing down toward 0.4. Nonetheless, this piece of on-chain data indicates a spike in buying activity on the centralized trading platforms.

Fresh buying activity on crypto exchanges could be bullish for the Bitcoin price, which has lacked the bite needed to sustain any upward movement. As of this writing, the premier cryptocurrency is valued at around $96,700, reflecting no significant price change in the past 24 hours.

Is It Time To Buy BTC?

In a separate post on X, Martinez suggested that it might be time for investors to dabble back into the BTC market. The rationale behind this suggestion is based on how the crypto crowd is feeling at the moment.

Recent on-chain data shows that the crowd sentiment toward Bitcoin is negative right now. However, prices have been known to move in the crowd’s opposite direction several times in the past.

Featured image from iStock, chart from TradingView

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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