The Bitcoin price has experienced one of the most bearish periods in its history over the past week, losing one crucial technical level after another. According to data, the cryptocurrency market has seen $1 trillion in capital flow out since mid-January.
While there is no doubt that a bear season is emerging, investors are now approaching the market with more skepticism and caution. One of the on-chain metrics highlighting this change in behavior is the Bitcoin taker buying ratio, which has fallen to new lows.
BTC taker purchase ratio drops to 0.48
In a new Quicktake article on the CryptoQuant platform, market analyst CryptoOnchain shared a new on-chain angle on the current selling pressure in the Bitcoin market. This observation is based on the declining taker buying ratio on Binance, the world’s largest centralized exchange by trading volume.
The Bitcoin Taker Buy Ratio is a sentiment indicator that estimates the proportion of trading volume held by buyers versus sellers. Typically, values less than 1 indicate that takers’ selling volumes (hard selling) exceed takers’ buying volumes, implying that sellers are overwhelming buyers in the market.
Highlighting data from CryptoQuant, CryptoOnchain revealed that Bitcoin Taker’s buy ratio (14-day moving average) on Binance fell to 0.48, marking its lowest level since October 2025. Such negative market sentiment on the world’s largest exchange highlights a worrying trend in the general derivatives market.
CryptoOnchain said:
A drop to such a low level suggests that sellers are massively dominating the order book, aggressively hitting bids without sufficient buying resistance.
As the crypto expert also pointed out, this decline in Bitcoin takers’ buying ratio coincided with the recent price correction, which saw the leading cryptocurrency drop to around $61,000. CryptoOnchain noted that this metric needs to stabilize and start rising again if the BTC price is to see any relief.
The Quicktake message concluded:
For a potential reversal or local bottom, we need to see this metric stabilize and begin to trend upward, indicating that aggressive selling is exhausted and buyers are returning. Until then, caution is required as momentum remains strongly in favor of the bears.
Bitcoin Price at a Glance
After one of the biggest “red” days in the crypto market, the price of BTC appears to be recovering nicely, having returned above $70,000 on Friday. At the time of writing, the flagship cryptocurrency is valued at around $70,263, reflecting a price rise of over 11% in the past 24 hours.
