By Arslan Butt | April 17, 2025
Bitcoin Price Overview
Bitcoin (BTC) is hovering just below $85,000, currently trading around $84,429. While the broader crypto market remains relatively calm, a distinct shift is happening within the Bitcoin market. Binance traders, in particular, are turning bullish, as seen in the latest Taker Buy/Sell Ratio data, which suggests that a breakout could be on the horizon.
Taker Buy/Sell Ratio Turns Positive: What Does This Mean for Bitcoin?
The Taker Buy/Sell Ratio is a vital metric for understanding the market’s buying and selling dynamics. Currently, the ratio has moved into positive territory at 1.008, signaling a bullish shift in sentiment. This ratio shows that aggressive buyers are stepping in, outpacing sellers — often a precursor to an upward price movement that could catch many retail traders by surprise.
Earlier in April, when Bitcoin surged briefly above $86,000, the Taker Ratio spiked past 1.1, showing extreme bullish momentum. Now, with the current ratio above 1, it suggests that Bitcoin could be primed for another push upwards, with resistance at $85,500 serving as a key level to watch.
Order Flow Tilts Bullish – Is Bitcoin Ready for a Breakout?
The Taker Buy/Sell Ratio is just one piece of the puzzle. The broader order flow is also showing signs of bullish pressure, further supporting the idea that Bitcoin is gearing up for a possible breakout. A breakout above $85,000 could trigger a massive short squeeze, leading to rapid upward movement.
Short Liquidations Could Amplify Bitcoin’s Move
CoinGlass data reveals that $637 million in short positions are at risk of liquidation if Bitcoin manages to break through the key $85,000 level. When short positions are forced to close, they can fuel a buying frenzy, pushing Bitcoin’s price even higher.
Bitcoin Dominance on the Rise: Altcoins in the Background
Bitcoin’s market dominance continues to grow, reaching 63.81%, a near 10% increase from the start of the year. This indicates that Bitcoin Season is still in full swing, with altcoins lagging behind. The Altcoin Season Index stands at just 15/100, signaling that it’s not yet time for altcoins to shine — all eyes are still on Bitcoin.
Key Takeaways
- Taker Buy/Sell Ratio has moved into bullish territory at 1.008, suggesting increasing buying pressure.
- A breakout above $85,000 could trigger a short squeeze worth $637 million, fueling further upward momentum.
- Bitcoin’s market dominance is at 63.81%, indicating it’s still very much “Bitcoin Season” with altcoins trailing behind.
As Bitcoin traders on Binance remain bullish, the stage is set for a possible breakout above $85,000. With the Taker Buy/Sell Ratio signaling bullish momentum and a massive short squeeze potentially in the works, Bitcoin could be on the verge of a rapid price surge — catching many off-guard as the market heats up.
Will Bitcoin maintain this bullish momentum and break through $85,000? Or will the market cool off as resistance continues to mount? Only time will tell, but for now, all eyes are on Bitcoin.
