Key takeaways:
Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels.
Onchain and market data indicate controlled profit-taking, not panic selling.
Binance data shows Bitcoin’s strongest buying momentum since July.
Bitcoin (BTC) price stabilized above $120,000 after sharply correcting from its all-time high on Tuesday. As buyers step back in, spot and derivatives markets appear to be converging toward a more balanced state, providing a stronger foundation for the next move higher.
Bitcoin four-hour chart. Source: Cointelegraph/TradingView
According to CryptoQuant, the medium-term trend in derivatives markets has shifted notably. The net taker volume, which compares sell and buy orders, has recovered from an extreme bearish reading of –$400 million to a neutral level, signaling “a true shift in dominance between buying and selling pressure.”
Bitcoin NetTaker Volumes. Source: CryptoQuant
A similar transition occurred during Bitcoin’s April correction, which later paved the way for a renewed uptrend of 51% in 13 weeks. However, analysts cautioned that an abrupt swing into strongly positive territory could hint at an overheated market if buying pressure accelerates too quickly.
Similarly, Alphractal CEO Joao Wedson noted that the buy/sell pressure delta remained firmly positive. “Metrics like this can take you to a whole new level, significantly increasing your decision-making accuracy,” Wedson said, emphasizing that disciplined buying when sentiment appears weakest has consistently paid off in recent months.
Buy/Sell pressure delta for Bitcoin. Source: Joao Wedson/X
Meanwhile, Swissblock analytics highlighted that while short-term profit-taking has emerged following Bitcoin’s all-time high near $126,000, it remained “controlled, not panic-driven.”
The analytics platform said that holding above $120,000–$121,000 would confirm a “healthy cooling phase,” setting the stage for renewed demand and the next leg upward.
Related: $11B Bitcoin whale returns with $360M BTC transfer after 2 months
Strongest buying surge since July validates “real liquidity”
Binance data…
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