Bitcoin’s on-chain order flow points to sustained selling pressure even as prices rebound. A CryptoQuant “Quicktake” analysis reports that the Bitcoin Taker Buy Ratio on Binance has fallen to 0.48 on a 14-day moving average basis—its lowest level since October 2025—indicating aggressive sell-side dominance on the world’s largest centralized exchange by trading volume.
Sellers Dominate Order Flow on Binance
The Taker Buy Ratio measures the share of trading volume initiated by buyers versus sellers. Readings below 1 suggest taker sell volume is outpacing taker buy volume, a sign that sellers are hitting bids more aggressively than buyers are lifting offers.
According to the analyst known as CryptoOnchain, the latest print at 0.48 underscores that “sellers are overwhelmingly dominating the order book, aggressively hitting bids without sufficient buying resistance.” The deterioration in this metric has coincided with Bitcoin’s recent correction, which pushed the price down to roughly $61,000 earlier in the week.
Market Backdrop and Price Action
The drop in the Taker Buy Ratio comes amid one of Bitcoin’s most bearish stretches in recent months, with multiple technical levels giving way and broader crypto market capitalization declining by an estimated $1 trillion since mid-January, according to industry trackers.
Despite the weak order-flow signal, Bitcoin has staged a short-term rebound. At press time, BTC is trading around $70,263, up more than 11% over the past 24 hours.
What to Watch Next
For signs of a local bottom or a sustained reversal, CryptoOnchain said the Taker Buy Ratio would need to stabilize and trend higher, indicating that aggressive selling is exhausting and buyers are stepping back in. “Until then, caution is advised as the momentum remains heavily in favor of the bears,” the analyst noted.