Low Demand Leads to Bitcoin Taker Buy/Sell Ratio Near 1

• On-chain data shows the Bitcoin taker buy/sell ratio has been unable to give any real signal recently as the demand has remained low in the market.
• The „Bitcoin taker buy/sell ratio“ is an indicator that measures the ratio between the taker buy volume and the taker sell volume.
• The 14-day SMA value of the metric seems to be close to 1 at the moment, indicating that the taker buy and taker sell volumes are evenly split between bullish and bearish mentalities.

Recent on-chain data has revealed that the Bitcoin taker buy/sell ratio has been unable to give any real signal recently as the demand in the market remains low. This ratio is an indicator that measures the ratio between the taker buy volume and the taker sell volume and is indicative of the current sentiment in the market.

According to an analyst in a CryptoQuant post, the taker buy/sell ratio hasn’t moved much above or below 1 since August 2022. When the value of this metric is greater than one, it means that there are more buyers willing to purchase BTC at a higher price currently, and thus the buying pressure is stronger. On the other hand, values of the indicator under the threshold suggest the taker sell volume is more dominant at the moment, indicating a bearish sentiment is shared by the majority of the investors currently.

The 14-day simple moving average (SMA) of the Bitcoin taker buy/sell ratio has shed some light on the current market sentiment. The value of the metric seems to be close to 1 at the moment, suggesting that the taker buy and taker sell volumes are evenly split between bullish and bearish mentalities. This indicates that the market is unable to give any real signal right now as the demand remains low.

It remains to be seen if the market sentiment will shift anytime soon and if the Bitcoin taker buy/sell ratio will be able to catch any momentum. Until then, the market remains in a state of equilibrium, with buyers and sellers seemingly unable to gain any advantage over the other.