Bitcoin buy-to-sell ratio reaches highest point since January 2023
The buy-to-sell ratio for Bitcoin (BTC) across all exchanges rose to 1.17 yesterday, marking its peak since January 2023 and indicating a clear dominance of buyers.
Source CryptoQuant
Historically, such a level in this ratio suggests that the current bull cycle is unlikely to be near its end, although market risks still remain. This serves as a key indicator for traders and investors assessing the cryptocurrency market’s outlook.
It is expected that buyer activity may continue to support growth, but market participants should remain cautious given potential volatility.
