Binance’s Bitcoin Taker Ratio Drops to 0.85, a Yearlong Low

Binance’s Bitcoin (BTC) taker buy/sell ratio reached 0.85, its weakest level in more than a year.

At 0.85, the gauge registered more sell-side taker volume than buy-side volume. The monthly average was 0.97, its lowest mark since February, when Bitcoin fell below $60,000 and the market correction sharpened.

Bearish sentiment had reached an extreme, and readings like this tend to appear late in a market move. The ratio may be a contrarian bullish signal.