Positive sentiment appears to be resurfacing for Bitcoin, as a crucial measure from Binance, the leading crypto exchange by trading volume, indicates that buyers are beginning to take control of the platform’s trading volumes.
The Binance Taker Buy Sell Ratio, which tracks the relationship between Bitcoin (BTC) buyers and sellers on Binance, “has returned to neutral territory,” noted CryptoQuant contributor DarkFost in an update on April 15.
Bitcoin’s bullish momentum is “gaining traction once more”
The current ratio is 1.008. A ratio exceeding 1 suggests that buyers—typically a sign of bullish sentiment—are dominating the volume, while a ratio below 1 signifies seller dominance, implying bearish sentiment.
At the time of publication, Bitcoin is valued at $83,810. Source: CoinMarketCap
Currently, Bitcoin is trading at $83,810, reflecting a 1.47% decrease over the last week, according to data from CoinMarketCap.
“In recent days, the ratio has shown mostly positive figures, indicating that bullish sentiment is once again gaining momentum in Binance’s derivatives market,” DarkFost remarked. On April 14, when Bitcoin surpassed $86,000, the ratio climbed above 1.1.
According to CoinGlass data, if Bitcoin manages to regain $85,000, nearly $637 million in short positions could face liquidation. Multiple key market indicators suggest that investors still prefer Bitcoin over altcoins.
CoinMarketCap’s Altcoin Season Index currently stands at 15 out of 100, indicating that it remains very much “Bitcoin Season.” TradingView’s Bitcoin Dominance Chart reveals that Bitcoin’s market share is at 63.81%, up 9.82% this year.
Bitcoin Dominance has risen by 9.88% since the start of 2025. Source: TradingView
Generally, participants in the crypto market seem to remain cautious. The Crypto Fear & Greed Index indicated that the overall market sentiment on April 16 is in “Fear,” with a score of 29 out of 100.
Some analysts, like DeFiDaniel, have remarked that Bitcoin’s recent price movements have been “quite dull.”
However, Cointelegraph previously reported that Bitcoin’s apparent demand is on a recovery trajectory, though it has not turned net positive yet. Historically, the 30-day apparent demand can stabilize for an extended period after Bitcoin hits a local bottom, leading to sideways price movement.
Related: Bitcoin price recovery may be capped at $90K — Here’s the reasoning
Experts have varied opinions regarding Bitcoin’s future trajectory.
Jamie Coutts, chief crypto analyst at Real Vision, mentioned to Cointelegraph in late March that “the market might be underestimating how swiftly Bitcoin could climb—potentially reaching new all-time highs before the end of Q2.”
Rob Hamilton, CEO of AnchorWatch, noted in an April 15 X post that Bitcoin’s price “is stable for the day due to a significant tug of war between those selling Bitcoin to cover tax payments and those using their refunds to purchase Bitcoin.” The US tax deadline was April 15.
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This article does not constitute investment advice or recommendations. All investment and trading activities involve risk, and readers should perform their own research before making any decisions.
