Over the previous week, the value of Bitcoin managed to place in considered one of its higher performances within the final one month. After ending August and beginning September beneath the psychological $110,000 stage, the premier cryptocurrency returned to above $115,000.
Whereas the Bitcoin value has considerably slowed down heading into the weekend, optimism is rising across the market about the potential of a contemporary rally. Apparently, the newest on-chain knowledge factors to the elevated risk of a “momentum-driven rally” for the Bitcoin value.
Binance Taker Purchase Promote Ratio Stays Constructive For 3 Days
In a September 12 publish on the X platform, crypto analyst Burak Kesmeci shared an thrilling on-chain perspective to assist the rising bullish narrative across the Bitcoin value. Based on the net pundit, the Taker Purchase Promote Ratio on the world’s largest crypto alternate, Binance, has continued within the constructive territory for 3 days.
The Taker Purchase Promote Ratio is an on-chain metric that compares the proportion of the taker purchase volumes to the taker promote volumes on crypto exchanges. A greater-than-one worth of this metric normally implies that the taker purchase quantity is greater than the taker promote quantity on an alternate (Binance, on this case). This development means that extra merchants are keen to amass cash at a better worth on the buying and selling platform.
Alternatively, when the Taker Purchase Promote ratio is beneath 1, it signifies that the taker promote quantity is larger than the taker purchase quantity within the alternate. In the end, this worth means that extra sellers are keen to promote cash at a cheaper price within the open market.
Supply: @burak_kesmeci on X
Based on CryptoQuant knowledge supplied by Kesmeci, the Binance Taker Purchase Promote ratio has been above the 1 threshold over the previous three days. This metric, sitting round 1.04, suggests a rising bullish momentum and rising investor confidence out there.
What’s extra, the metric’s native peaks are round 1.15 in 2025, which means that the investor sentiment will not be overheated but and will see additional rise from its present level. On this case, Kesmeci concluded that the constructive investor sentiment on the world’s largest crypto alternate by buying and selling quantity might set the stage for a momentum-driven uptrend for the Bitcoin value.
Bitcoin Value At A Look
As of this writing, the value of BTC stands at round $115,900, reflecting no vital motion previously 24 hours.
The worth of BTC on the each day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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