Bitcoin’s Taker Ratio Plummets to 7-Year Low: Short-Term Selling Pressure Persists

On-chain data provider CryptoQuant reveals a concerning trend in Bitcoin’s market dynamics. The 30-day moving average taker buy/sell ratio has sunk to its lowest point since May 2018, signaling a potential shift towards short-term selling pressure. This metric, which measures the dominance of buyers or sellers in derivatives markets, suggests a growing imbalance favoring bearish activity.