Summary
- The market buy ratio of Bitcoin on Binance is increasing, suggesting an upward price trend.
- The increase in buying pressure on Binance is spreading optimism in the Bitcoin market.
- Changes in Binance's market buy/sell ratio can signal major shifts in Bitcoin's price trend.
The market buy ratio of Bitcoin (BTC) on Binance is rising, suggesting a potential upward price trend.
On the 12th (local time), CryptoQuant author Crazzyblockk reported, "The buy pressure is increasing in the market buy/sell ratio on Binance. This change is spreading optimism in the Bitcoin market, with growing expectations that the downward trend may soon turn into an upward trend."
The author continued, "The market buy/sell ratio on Binance is an important indicator of market sentiment. Considering Binance's significant position in the virtual asset (cryptocurrency) market, changes in this ratio can signal major shifts in Bitcoin's price trend. Recently, the buying pressure has been strengthening, indicating a potential rise."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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