Bitcoin’s Buying Pressure Plummets: A Warning Sign for Price Outlook?

Analysts suggest Bitcoin (BTC) is poised for a three-month bull run, but on-chain data paints a different picture. A significant drop in the Taker Buy/Sell Ratio reveals less buying pressure and may signal upcoming market downturns. 30-day moving average has fallen to levels not seen since May 2018, below the historical peaks seen during November 2021.