Bitcoin’s bid and ask ratio turns positive for the first time in months
Crypto Briefing
Bitcoin's bid and ask ratio turned positive, signaling renewed bullish momentum as buy demand outweighs sell pressure.Summary
Bitcoin's bid and ask ratio has turned positive for the first time in months, indicating a shift toward bullish sentiment as buy demand surpasses sell pressure in the orderbook. This ratio, which measures the balance between buying and selling interest, suggests that higher demand relative to supply often precedes upward price movements. Recent data from major exchanges shows the appearance of significant, genuine buy walls—large clusters of passive buy orders—that are supporting potential upward momentum without evidence of spoofing, suggesting that passive buyers are driving the current price action.
(Source：Crypto Briefing)