Binance BTC sell pressure reaches extreme, raising odds of short-term rebound

Crypto analyst Darkfost said on X that Binance’s BTC taker buy/sell ratio fell to 0.85, the lowest level in more than a year. The monthly average of the indicator also dropped to 0.97, marking its lowest level since February. According to Darkfost, the data suggests selling pressure in the derivatives market is far outweighing buying interest. BTC has fallen about 17.5% from its recent high of $87,400, while investor pessimism has been spreading. Darkfost added that such extreme selling dominance tends to appear in the later stages of a downtrend, which could signal the potential for a short-term rebound.