Bitcoin bulls ‘coming back’ as key metric on Binance flips to neutral

Quick Summary:

Real Vision chief crypto analyst Jamie Coutts told Cointelegraph in late March that “the market may be underestimating how quickly Bitcoin could surge — potentially hitting new all-time highs before Q2 is out.” AnchorWatch CEO Rob Hamilton said in an April 15 X post that Bitcoin’s price “is flat for the day because we are in an epic tug of war between people who are selling Bitcoin to pay their taxes and people using their refunds to buy Bitcoin.” The tax deadline in the US was April 15.

Source: CoinMarketCapBitcoin is trading at $83,810 at the time of publication, down 1.47% over the past seven days, according to CoinMarketCap data.“Over the past few days, the ratio has been mostly positive, suggesting that bullish sentiment is picking up again on Binance’s derivatives market,” Darkfost said.

The Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to sellers of Bitcoin (BTC) in Binance, “has returned to neutral territory,” CryptoQuant contributor DarkFost said in an April 15 note.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United States

Topics: April Buyers Shows Starting Bitcoin Crypto Ratio Sentiment Binance Trading Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 04:38:28 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27939498

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