Crypto Market Bulls Surge as Buy Orders Hit Two-Year High

A surge in buy orders across major crypto exchanges has pushed the ratio to 1.17, reaching levels last seen in early 2023, according to CryptoQuant data. This indicator tracks aggressive market buying versus selling in perpetual futures markets. A value above 1 signifies dominance by buyers. The sharp spike observed on December 2nd marked the strongest single-day shift toward demand in nearly two years.