May 9, 2025
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Bitcoin Surges to $100,383 Amid Increased Buy-Sell Ratio on Binance
Bitcoin has reclaimed the $100,000 mark, trading at $100,383 with a 3.5% gain over the past 24 hours. It remains approximately 8.4% below its all-time high of $109,000 reached in January 2025.
Buy-Side Pressure Increases
- The Taker Buy-Sell Ratio on Binance has risen to 1.131, indicating aggressive buying.
- The seven-day average is at 1.045, while the 30-day average shows a 12.1% increase.
- A z-score of 2.45 suggests market conditions may be nearing short-term overbought levels.
- If the ratio stays above 1.1 and Bitcoin maintains the $99,000 level, further price increases are likely.
- A drop below 1.05 could signal profit-taking and potential consolidation.
New Whales Reshape Ownership Dynamics
- There has been a significant increase in wallets holding more than 1,000 BTC aged less than 155 days, termed new whales.
- The ratio of new to old whales has increased from 0.16 to 0.28 this year, a rise of 75.6%.
- New whales have added over 430,000 BTC, while older whales have decreased their holdings by around 24,000 BTC.
This shift coincides with an all-time high in Bitcoin's realized cap, indicating growing confidence among investors.
Bitcoin Breaks Realized Cap All-Time High for the Third Consecutive Week
“This pattern reflects growing confidence among both Long-Term Holders and Short-Term Holders.” – By @oro_crypto
