Bitcoin Surges Above $104,000 as Taker Buy-Sell Ratio Signals Strength

Bitcoin has surpassed $104,000, reaching $104,271 and closing in on its all-time high of $109,000. This surge follows a significant increase over the past week and is linked to easing trade tensions between the US and China, with both countries reducing tariffs.

Key points:

Market reaction indicates renewed risk appetite in traditional and digital asset markets.
The Taker Buy Sell Ratio has risen to 1.02, historically signaling important price inflection points for Bitcoin.
This ratio previously peaked during low points in late 2022 and again in October 2023 when BTC broke above $30,000.
Increased aggressive buying activity suggests potential upward momentum for Bitcoin.
However, such conditions have also led to volatility spikes in the past.

Market Strength Indicators

The realized price of Bitcoin is trending upwards, reflecting higher average purchase prices among investors. This trend indicates ongoing market strength, supported by:

Institutional inflows through spot Bitcoin ETFs and corporate purchases.
Sustained capital inflow, enhancing market structure.
Macroeconomic support from tariff reductions.

The combination of these factors suggests that the current rally could continue, as on-chain indicators remain positive.