Important takeaways
- Bitcoin’s bid/ask ratio has turned positive for the first time in months, indicating renewed bullish momentum.
- A positive bid-ask ratio signals higher buying demand relative to the selling supply in Bitcoin’s order book.
Bitcoin’s bid/ask ratio turned positive today for the first time in months, signaling renewed bullish momentum as buying demand outweighs selling pressure in the order book.
The bid-ask ratio, an order book indicator that reflects market sentiment, measures the balance between buying and selling interest. A positive ratio indicates higher demand than supply, often before upward price movements.
Recent activity on major exchanges shows the emergence of significant buy walls – large clusters of passive buy orders supporting upward price momentum. These buying walls are filled without spoofing, indicating that genuine demand is building.
The change comes as traders observe increased limit buy orders dominating short-term price ranges, with passive buyers driving upside rather than aggressive market buying.
