Bitcoin's bid and ask ratio turns positive for the first time in months
Key Takeaways
- Bitcoin's bid and ask ratio has turned positive for the first time in months, indicating renewed bullish momentum.
- A positive bid and ask ratio signals higher buy demand relative to sell supply in Bitcoin's orderbook.
Bitcoin’s bid and ask ratio turned positive today for the first time in months, signaling renewed bullish momentum as buy demand outweighs sell pressure in the orderbook.
The bid and ask ratio, an orderbook indicator that reflects market sentiment, measures the balance between buying and selling interest. A positive ratio indicates higher demand over supply, often preceding upward price movements.
Recent activity on major exchanges shows the emergence of significant buy walls — large clusters of passive buy orders that support upward price momentum. These buy walls are being filled without spoofing, suggesting genuine demand is building.
The shift comes as traders observe increased limit buy orders dominating near-term price ranges, with passive buyers driving the upward action rather than aggressive market purchases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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