The worth of Bitcoin has not shown any serious momentum up to now in 2025 moreover briefly surpassing the $108,000 stage in mid-January. Quite the opposite, the flagship cryptocurrency has suffered some important corrections over the previous few weeks.
The latest pullback noticed the BTC worth closely stoop towards $92,000 after US President Donald Trump launched new commerce tariffs on Canada, Mexico, and China earlier this week. Whereas the Bitcoin worth shortly recovered above $100,000, it has since struggled to maintain any bullish momentum — at the moment buying and selling round $96,500.
HTX And BitMEX Customers Load Their Bitcoin Baggage — What We Know
Outstanding crypto analyst Ali Martinez took to the X platform to share that sure centralized exchanges have witnessed elevated shopping for exercise. This on-chain commentary relies on modifications within the “taker purchase/promote ratio,” which measures the taker purchase and taker promote volumes for a specific asset (Bitcoin, on this case).
For readability, the taker purchase quantity is increased than the taker promote quantity when the worth of the taker purchase/promote ratio is larger than one. Usually, this situation is taken into account bullish, because it suggests the willingness of buyers to pay a better worth for a selected cryptocurrency (Bitcoin).
Contrastingly, a less-than-one worth for the taker purchase/promote ratio signifies that extra sellers are keen to half with their property at a lower cost. This phenomenon implies that the sellers are overtaking the patrons, signaling a bearish investor sentiment in a specific crypto market.
In accordance with Martinez’s publish on X, the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges skilled a notable upswing on Saturday, February 8. CryptoQuant information exhibits that the metric rose to round 5.7 on the BitMEX platform within the late hours of the day.
Equally, the Bitcoin taker purchase/promote ratio climbed to as excessive as 16 on the HTX alternate on Saturday earlier than later crashing down towards 0.4. Nonetheless, this piece of on-chain information signifies a spike in shopping for exercise on the centralized buying and selling platforms.
Fresh buying activity on crypto exchanges may very well be bullish for the Bitcoin worth, which has lacked the chew wanted to maintain any upward motion. As of this writing, the premier cryptocurrency is valued at round $96,700, reflecting no important worth change previously 24 hours.
Is It Time To Purchase BTC?
In a separate publish on X, Martinez suggested that it is perhaps time for buyers to dabble again into the BTC market. The rationale behind this suggestion relies on how the crypto crowd is feeling in the meanwhile.
Latest on-chain information exhibits that the gang sentiment towards Bitcoin is destructive proper now. Nevertheless, costs have been identified to maneuver within the crowd’s other way a number of instances previously.