A quant has explained that the past pattern in the Bitcoin taker buy-sell ratio metric may suggest the best window to start selling the asset.
Bitcoin Taker Buy Sell Ratio May Reveal Selling Opportunities
In a CryptoQuant Quicktake post, an analyst discussed the trend in the Bitcoin “taker buy sell ratio.” This indicator keeps track of the ratio between the Bitcoin taker buy and taker sell volumes.
When the value of this metric is greater than 1, the investors are willing to purchase coins at a higher price right now. Such a trend implies a bullish sentiment is the dominant force in the market.
On the other hand, the indicator being under the mark suggests the selling pressure may be higher than the current buying pressure in the sector. As such, the majority may share a bearish mentality.
Now, here is a chart that shows the trend in the 30-day moving average (MA) Bitcoin taker buy-sell ratio over the last few years:
As the above graph shows, the 30-day MA Bitcoin tak
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