Data shows the Bitcoin Net Taker Volume has been highly positive on Binance recently, a sign that the bulls are putting up aggressive bets. Bitcoin Binance Net Taker Volume Is Currently At A Notable Positive Level As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin taker buyers have dominated the Binance platform during the last few days. The indicator of relevance here is the “Net Taker Volume,” which measures the difference between the taker buyer and taker seller volume on any given centralized exchange. When the indicator has a positive value, it means the taker buyers are outweighing the taker sellers on the platform. This kind of trend implies a bullish sentiment is shared by the majority of the users. Related Reading: Behind The Mantra (OM) Collapse: Glassnode Reveals The On-Chain Side Of Things On the other hand, the metric being under the zero mark suggests a bearish mentality is dominant on the exchange as the short volume is larger than the long volume. Now, below is the chart shared by the analyst that shows the trend in the 7-hour moving average (MA) Bitcoin Net Taker Volume for the largest exchange in the cryptocurrency sector: Binance. As displayed in the above graph, the Bitcoin Net Taker Volume has mostly remained inside the positive territory since April 11th. The metric’s green values haven’t been small, either, which suggests the futures users have been placing some aggressive bullish bets on the platform. The shift toward the positive sentiment on the exchange has come as BTC has been making recovery following the news of the 90-day pause on the tariffs for most countries. Historically, Bitcoin has tended to move in the direction that the crowd least expects, so this bullish mood may actually prove to be a bad sign for the recovery rally. It only remains to be seen, though, whether a top would now be hit or if the bet of these investors would pay off. In some other news, the 30-day of the Bitcoin Market Value to Realized Value (MVRV) Ratio has hit the lowest level in six months, as an analyst has pointed out in a CryptoQuant Quicktake post. The MVRV Ratio is an indicator that basically tells us about the profit-loss status of the Bitcoin investors. From the chart, it’s apparent that the 30-day value of this metric has plunged recently, suggesting holder profitability has declined. Related Reading: Cardano Could Drop To $0.54 If This Support Gives Out, Analyst Says The same level as now was also reached at a couple of points last year and BTC formed a bottom during both of those instances. As such, it’s possible that this trend could once again prove to be bullish for the cryptocurrency. BTC Price At the time of writing, Bitcoin is floating around $85,800, up more than 8% in the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
