The value of Bitcoin has not proven any severe momentum up to now in 2025 in addition to briefly surpassing the $108,000 stage in mid-January. Quite the opposite, the flagship cryptocurrency has suffered some vital corrections over the previous few weeks.
The newest pullback noticed the BTC worth closely stoop towards $92,000 after US President Donald Trump launched new commerce tariffs on Canada, Mexico, and China earlier this week. Whereas the Bitcoin worth shortly recovered above $100,000, it has since struggled to maintain any bullish momentum — at present buying and selling round $96,500.
HTX And BitMEX Customers Load Their Bitcoin Baggage — What We Know
Distinguished crypto analyst Ali Martinez took to the X platform to share that sure centralized exchanges have witnessed elevated shopping for exercise. This on-chain remark is predicated on adjustments within the “taker purchase/promote ratio,” which measures the taker purchase and taker promote volumes for a specific asset (Bitcoin, on this case).
For readability, the taker purchase quantity is larger than the taker promote quantity when the worth of the taker purchase/promote ratio is bigger than one. Sometimes, this state of affairs is taken into account bullish, because it suggests the willingness of traders to pay the next worth for a selected cryptocurrency (Bitcoin).
Contrastingly, a less-than-one worth for the taker purchase/promote ratio signifies that extra sellers are keen to half with their belongings at a cheaper price. This phenomenon implies that the sellers are overtaking the consumers, signaling a bearish investor sentiment in a specific crypto market.
In response to Martinez’s put up on X, the Bitcoin taker purchase/promote ratio on the HTX and BitMEX exchanges skilled a notable upswing on Saturday, February 8. CryptoQuant knowledge exhibits that the metric rose to round 5.7 on the BitMEX platform within the late hours of the day.
Equally, the Bitcoin taker purchase/promote ratio climbed to as excessive as 16 on the HTX change on Saturday earlier than later crashing down towards 0.4. Nonetheless, this piece of on-chain knowledge signifies a spike in shopping for exercise on the centralized buying and selling platforms.
Contemporary shopping for exercise on crypto exchanges could possibly be bullish for the Bitcoin worth, which has lacked the chunk wanted to maintain any upward motion. As of this writing, the premier cryptocurrency is valued at round $96,700, reflecting no vital worth change prior to now 24 hours.
Is It Time To Purchase BTC?
In a separate put up on X, Martinez prompt that it could be time for traders to dabble again into the BTC market. The rationale behind this suggestion is predicated on how the crypto crowd is feeling in the meanwhile.
Latest on-chain knowledge exhibits that the group sentiment towards Bitcoin is detrimental proper now. Nonetheless, costs have been identified to maneuver within the crowd’s other way a number of occasions prior to now.
