Bitcoin may be regaining bullish momentum as a key metric from Binance suggests buyers are beginning to dominate trading volumes again. According to CryptoQuant contributor DarkFost, the Binance Taker Buy/Sell Ratio has flipped back to neutral, signaling a potential turning point for market sentiment.

This ratio — which measures the volume of aggressive buyer trades versus seller trades — currently stands at 1.008. A value above 1 typically indicates bullish dominance, while a value below 1 suggests bearish pressure.

“Over the past few days, the ratio has been mostly positive, suggesting bullish sentiment is picking up again in Binance’s derivatives market,” said DarkFost in an April 15 analysis.
Cryptocurrencies, Markets
Bitcoin is trading at $83,810 at the time of publication. Source: CoinMarketCap

$85K in Sight? Bitcoin Shorts at Risk of $637M Liquidation

At the time of writing, Bitcoin is trading around $83,810, down 1.47% over the past week according to CoinMarketCap. On April 14, when Bitcoin surged past $86,000, the taker buy/sell ratio climbed above 1.1, reflecting strong buyer conviction.

If Bitcoin pushes past $85,000 again, it could trigger a cascade of short liquidations worth over $637 million, according to CoinGlass data. That threshold could serve as a major inflection point for near-term price action.

Bitcoin Outshines Altcoins Amid Uncertain Market Sentiment

Despite recent sideways price action, multiple indicators show that Bitcoin remains the preferred asset among crypto investors:

  • Altcoin Season Index (CoinMarketCap): Just 15 out of 100, indicating it's still firmly Bitcoin Season.
  • Bitcoin Dominance (TradingView): BTC holds 63.81% market share — up 9.82% YTD.
  • Crypto Fear & Greed Index: Market sentiment remains cautious, with a current score of 29 (“Fear”) as of April 16.
Cryptocurrencies, Markets
Bitcoin Dominance is up 9.88% since the beginning of 2025. Source: TradingView

While some traders express boredom with Bitcoin’s current price range — with analysts like DeFiDaniel calling it “so boring” — there’s still underlying optimism among market watchers.

Experts Split on What’s Next for Bitcoin

Market analysts remain divided on where Bitcoin is headed next. While short-term action has flattened, Cointelegraph reports that Bitcoin’s apparent demand is in recovery, albeit not yet fully net positive.

Historically, 30-day demand has often plateaued before BTC breaks out from local bottoms — which could mean the current chop is just the calm before the next move.

🗣 Analyst Takes:

  • Jamie Coutts (Real Vision): Predicts Bitcoin could reach new all-time highs before Q2 ends, suggesting the market may be underestimating BTC’s breakout potential.
  • Rob Hamilton (AnchorWatch CEO): On April 15, explained Bitcoin’s flat movement as a tug of war between tax-day sellers and refund-fueled buyers in the U.S.
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