Apr 29, 2025
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Bitcoin’s Net Taker Volume Returns to Positive Territory
Bitcoin is currently trading at $95,409, having gained 1.7% in the last 24 hours and nearly 15% over the past two weeks, following a period of correction.
Key points include:
- Market sentiment shows signs of improvement, especially in the derivatives market, which now makes up about 90% of Bitcoin's trading volume.
- Long positions are regaining strength compared to shorts, suggesting increasing buying pressure.
- The 30-day moving average of Bitcoin's Net Taker Volume has turned positive, indicating that long positions dominate the market.
Analysts suggest this shift in the derivatives market could signal further price movements. Recent adjustments to cycle models indicate a continuation of the uptrend rather than an impending downturn, drawing parallels to the 2017 bull market.
If these trends persist, Bitcoin may have significant upside potential before facing major corrections.
