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Over the past week, the price of Bitcoin managed to put in one of its better performances in the last one month. After ending August and starting September below the psychological $110,000 level, the premier cryptocurrency returned to above $115,000.
While the Bitcoin price has somewhat slowed down heading into the weekend, optimism is growing around the market about the possibility of a fresh rally. Interestingly, the latest on-chain data points to the increased possibility of a “momentum-driven rally” for the Bitcoin price.
Binance Taker Buy Sell Ratio Remains Positive For 3 Days
In a September 12 post on the X platform, crypto analyst Burak Kesmeci shared an exciting on-chain perspective to support the growing bullish narrative around the Bitcoin price. According to the online pundit, the Taker Buy Sell Ratio on the world’s largest crypto exchange, Binance, has persisted in the positive territory for three days.
The Taker Buy Sell Ratio is an on-chain metric that compares the proportion of the taker buy volumes to the taker sell volumes on crypto exchanges. A greater-than-one value of this metric usually implies that the taker buy volume is higher than the taker sell volume on an exchange (Binance, in this case). This trend suggests that more traders are willing to acquire coins at a higher value on the trading platform.
On the other hand, when the Taker Buy Sell ratio is below 1, it indicates that the taker sell volume is greater than the taker buy volume in the exchange. Ultimately, this value suggests that more sellers are willing to sell coins at a lower price in the open market.
Source: @burak_kesmeci on X
According to CryptoQuant data provided by Kesmeci, the Binance Taker Buy Sell ratio has been above the 1 threshold over the past three days. This metric, sitting around 1.04, suggests a growing bullish momentum and rising investor confidence in the market.
What’s more, the metric’s local peaks are around 1.15 in 2025, meaning that the investor sentiment is not overheated yet and could see further rise from its current point. In this case, Kesmeci concluded that the positive investor sentiment on the world’s largest crypto exchange by trading volume could set the stage for a momentum-driven uptrend for the Bitcoin price.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $115,900, reflecting no significant movement in the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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