- Bitcoin’s buying pressure surged, with BitMEX showing a Taker Buy Sell Ratio of 5.7.
- BTC eyed the $98,667 resistance level, which could determine the king coin’s road ahead.
Bitcoin [BTC] is witnessing a surge in buying activity, signaling a renewed interest in the market. Data from major exchanges such as HTX Global and BitMEX indicated that demand for BTC rose rapidly.
This uptick in the Taker Buy Sell Ratio suggested a shift in market sentiment, with buyers beginning to dominate.
As Bitcoin attempts to reclaim key resistance levels, traders are closely watching whether this momentum can sustain a bullish breakout.
Buying activity rises across key exchanges
Bitcoin’s buying pressure has spiked significantly, with data from HTX Global and BitMEX showing a surge in the Taker Buy Sell Ratio.
This metric tracks the ratio of buy orders to sell orders, and a higher value indicates increased demand.
The latest charts reveal that HTX Global recorded a ratio of 0.4, while BitMEX saw a much higher figure of 5.7, signaling strong buyer dominance on derivatives markets.
Source: CryptoQuant
THIS shows bullish momentum
Looking at the broader market, the Taker Buy Sell Ratio across all exchanges was at 1.013 at press time, suggesting that buyers slightly outpaced sellers.
Historically, whenever this ratio went above 1 for an extended period, BTC experienced upward price movement.
However, fluctuations in this ratio can also indicate potential volatility, meaning traders should remain cautious of rapid shifts in sentiment.
Source: CryptoQuant
BTC price reacts: Key levels to watch
Bitcoin was trading at $97,177 at press time, recovering from a recent dip but still below the 50-day moving average at $98,667. If buying momentum continues, BTC could retest this level as resistance.
A break above $98,667 could open the door for a move towards $100,000, while a failure to reclaim the moving average might lead to further consolidation around the $96,000-$97,000 range.
Source: TradingView
What’s driving the spike in buying pressure?
Several factors could be contributing to this sudden increase in demand for Bitcoin. Institutional investors may be accumulating BTC in anticipation of another leg up.
A spike in buying activity could also force short sellers to close positions, further driving prices higher.
Additionally, positive sentiment around crypto adoption and macroeconomic trends might be fueling renewed interest in Bitcoin.
Will this surge sustain?
While the rise in buying pressure is a bullish signal, monitoring whether this demand remains consistent is crucial. If buyers maintain dominance over the next few days, Bitcoin could push towards higher resistance levels.
However, if sellers regain control, BTC may struggle to break above critical price zones.
Read Bitcoin’s [BTC] Price Prediction 2025-26
Bitcoin’s buying pressure has surged, and historical data suggests this could be an early indicator of a price breakout. However, resistance levels remain key, and traders should watch how BTC reacts around $98,667.
Bitcoin could be gearing up for a move towards the psychological $100K level if buying momentum persists.
