Aug 27, 2025
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Bitcoin Trades at $110,595 After 11% Decline from Recent Highs
Bitcoin (BTC) is currently trading at $110,595, reflecting a 4.2% decline over the past week and an 11% drop from its all-time high of $124,000 earlier this month. This correction indicates ongoing momentum struggles amid uncertain market conditions.
Market Sentiment and Taker Buy Sell Ratio
- The Taker Buy Sell Ratio has reached levels not seen since November 2021, signaling reduced trader confidence.
- This ratio measures the balance between aggressive buy and sell orders; below 1 indicates more selling activity.
- Currently, the ratio is below its historical average, suggesting selling has outpaced buying recently.
- Analysts highlight that similar patterns were observed before previous sharp corrections.
Technical Analysis Insights
- Analyst Crypto Nova asserts that despite recent price weakness, Bitcoin's long-term uptrend remains intact.
- Bitcoin has formed higher lows since late 2022, maintaining a bullish pattern.
- Nova suggests that current price levels may lead to a bounce, though strong resistance exists at higher zones.
The combination of declining taker ratios and mixed technical signals indicates Bitcoin may be entering a critical phase. Continued selling pressure could lead to deeper corrections, while support around $110,000 might foster renewed upward momentum.
