While the Bitcoin price has somewhat slowed down heading into the weekend, optimism is growing around the market about the possibility of a fresh rally. Interestingly, the latest on-chain data points to the increased possibility of a “momentum-driven rally” for the Bitcoin price.
On the other hand, when the Taker Buy Sell ratio is below 1, it indicates that the taker sell volume is greater than the taker buy volume in the exchange. Ultimately, this value suggests that more sellers are willing to sell coins at a lower price in the open market.
What’s more, the metric’s local peaks are around 1.15 in 2025, meaning that the investor sentiment is not overheated yet and could see further rise from its current point. In this case, Kesmeci concluded that the positive investor sentiment on the world’s largest crypto exchange by trading volume could set the stage for a momentum-driven uptrend for the Bitcoin price.
As of this writing, the price of BTC stands at around $115,900, reflecting no significant movement in the past 24 hours.
