Bitcoin Taker Ratio Hits Lowest Since 2021 Amid 11% Price Drop
Bitcoin has slipped 11% from its August peak of $124,000, trading around $110,600 as of today. The 30-day moving average of the taker buy-sell ratio—an on-chain metric tracking aggressive market orders—fell below 1, its weakest level since November 2021. CryptoQuant analyst Gaah warns the current taker ratio echoing the previous cycle’s peak could signal waning buyer confidence and potential for deeper corrections. On the technical side, Crypto Nova notes that Bitcoin’s long-term uptrend remains intact, with higher lows since the late-2022 $15,000 bottom, suggesting any pullback may find support near $110,000 before resuming upward momentum. The divergence between price highs and the declining taker ratio highlights growing market caution. Traders should monitor support around $110,000 and the taker ratio’s direction for clues on short-term volatility and trend sustainability.
Bearish
The steep decline in Bitcoin’s 30-day taker ratio to levels unseen since late 2021—just before a major market downturn—echoes a familiar warning sign of diminishing buyer conviction. Coupled with an 11% price drop from recent highs, this suggests sellers are outweighing aggressive market bids, increasing short-term downside risk. Although long-term technical patterns remain bullish, the taker ratio divergence historically precedes heightened volatility and deeper corrections. Traders should prepare for potential retests of the $105,000–$110,000 range before any sustained rebound.