The value of Bitcoin has not shown any serious momentum thus far in 2025 apart from 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 droop towards $92,000 after US President Donald Trump launched new commerce tariffs on Canada, Mexico, and China earlier this week. Whereas the Bitcoin worth rapidly recovered above $100,000, it has since struggled to maintain any bullish momentum — presently 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 statement relies on modifications 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 situation is taken into account bullish, because it suggests the willingness of traders to pay a better worth for a particular cryptocurrency (Bitcoin).
Contrastingly, a less-than-one worth for the taker purchase/promote ratio signifies that extra sellers are keen to half with their property at a lower cost. This phenomenon implies that the sellers are overtaking the patrons, signaling a bearish investor sentiment in a specific crypto market.
In keeping with Martinez’s put up on X, the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges skilled a notable upswing on Saturday, February 8. CryptoQuant knowledge reveals 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 alternate 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.
Fresh buying activity 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 up to now 24 hours.
Is It Time To Purchase BTC?
In a separate put up on X, Martinez suggested that it may be time for traders to dabble again into the BTC market. The rationale behind this suggestion relies on how the crypto crowd is feeling in the meanwhile.
Latest on-chain knowledge reveals that the gang sentiment towards Bitcoin is unfavorable proper now. Nonetheless, costs have been recognized to maneuver within the crowd’s other way a number of instances up to now.
