[Analysis] "Ethereum shifts to 'buy-side dominance' in the derivatives market"

Source

Uk Jin

Summary

It was analyzed that buying interest is gaining the upper hand in the Ethereum (ETH) derivatives market.
According to CryptoQuant, Ethereum derivatives' 'net taker volume' has turned positive, indicating that buying pressure has become dominant.
Darkfost said that buy-side dominance of about $104 million could help form a more solid price floor.

Forecast Trend Report by Period

An analysis has found that buying interest is gaining the upper hand in Ethereum (ETH) derivatives markets.

On the 4th (Korea time), CryptoQuant contributor Darkfost wrote, "Our analysis of recent market data shows that Ethereum derivatives' 'net taker volume' has turned positive," adding, "This indicates a shift away from the sell-side-dominant trend that had prevailed for most of the period since 2023."

Net taker volume is an indicator that shows whether buyers or sellers are driving the market in derivatives order books. When the value is positive, buying pressure is assessed as dominant; when negative, selling pressure is considered dominant.

The indicator currently points to buy-side dominance of about $104 million.

Darkfost explained, "Given that strong selling pressure had persisted even as Ethereum approached record highs, this change represents a meaningful shift in trend," adding, "Such an increase in buying pressure could help form a more solid price floor."

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