Summary
- It was reported that the buying pressure of Bitcoin is overwhelming the selling pressure on Binance, the world's largest exchange.
- CryptoQuant contributor Amr Taha analyzed that the market buy-sell ratio surged to 1.142.
- Due to strong bullish sentiment, buyers are purchasing Bitcoin at the asking price without waiting for order execution.
It has been observed that the buying pressure of Bitcoin (BTC) is overwhelming the selling pressure on Binance, the world's largest exchange.
On the 2nd (KST), CryptoQuant contributor Amr Taha reported in a report that "the market buy-sell ratio on Binance has surged to 1.142," analyzing that "this means the market buying pressure is surpassing the selling pressure on Binance."
Taha further added, "You can see the green line surging on the right side of the chart, which is due to the aggressive inflow of market buying pressure," and "this surge indicates a strong bullish sentiment where buyers are purchasing Bitcoin at the asking price without waiting for order execution."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
