Analysis: BTC buying pressure rebounds, signaling potential bullish reversal

Bitcoin (BTC) buying pressure is rebounding, suggesting a potential return of bullish momentum, according to Cointelegraph, citing CryptoQuant analyst DarkFost. He noted that the Binance Taker Buy Sell Ratio has reached 1.008, signaling a shift into neutral territory. The ratio, which reflects the balance between buyer and seller dominance, had exceeded 1.1 on April 14, when BTC traded above $86,000. The data indicates a recovery of bullish sentiment in Binance’s derivatives market.