Bitcoin Bulls ‘Coming Back’ as Key Metric on Binance Flips to Neutral

Bitcoin Bulls ‘Coming Back’ as Binance Metric Turns Neutral, Signaling Buyer Momentum

Bullish sentiment may be regaining momentum in the Bitcoin market, as a key indicator on Binance—the world’s largest crypto exchange by trading volume—shows that buyers are beginning to take control of the action.

According to an April 15 report by CryptoQuant contributor DarkFost, Binance’s Taker Buy Sell Ratio for Bitcoin has now returned to neutral territory, signaling that selling pressure is waning and buyer activity is rising.

Key Metric Shows Buyer Dominance Emerging

The Taker Buy Sell Ratio currently sits at 1.008. This metric measures the proportion of market buy orders (takers buying from the order book) to market sell orders. A ratio above 1 typically indicates buyer dominance and growing bullish sentiment, while a ratio below 1 suggests bearish control.

Bitcoin is trading at $83,810 at the time of publication. Source: CoinMarketCap

DarkFost noted that over the past several days, the ratio has stayed mostly positive—peaking above 1.1 on April 14 when Bitcoin briefly surpassed $86,000—suggesting that bullish momentum is “picking up again” in Binance’s derivatives market.

At the time of writing, Bitcoin is trading at $83,810, down 1.47% over the past seven days, according to CoinMarketCap.

Short Sellers at Risk as Bulls Eye $85K

Data from CoinGlass indicates that a move above $85,000 could trigger nearly $637 million in short liquidations, adding further upward pressure on Bitcoin’s price. This puts bears in a vulnerable position if the bullish trend continues.

Supporting this trend is Bitcoin’s growing dominance in the market. According to TradingView, Bitcoin currently holds a 63.81% share of the crypto market—up nearly 10% year-to-date—while CoinMarketCap’s Altcoin Season Index reads just 15 out of 100, confirming that it’s still firmly “Bitcoin Season.”

Market Still Hesitant Despite Bullish Signals

Despite the positive signs, broader market sentiment remains cautious. The Crypto Fear & Greed Index stands at 29 out of 100, placing it firmly in the “Fear” zone as of April 16. This suggests that many investors are still uncertain about Bitcoin’s short-term direction.

Some traders have expressed frustration over Bitcoin’s lack of volatility. Popular crypto analyst DeFiDaniel described the recent price movement as “so boring,” reflecting a common sentiment among retail investors waiting for a decisive move.

Bitcoin Dominance is up 9.88% since the beginning of 2025. Source: TradingView

Analysts Divided on Bitcoin's Next Move

Opinions remain split on where Bitcoin goes from here. Real Vision’s chief crypto analyst Jamie Coutts told in late March that the market may be underestimating Bitcoin’s potential upside, predicting that it could hit new all-time highs before the end of Q2.

On the other hand, AnchorWatch CEO Rob Hamilton offered a more grounded take, suggesting that Bitcoin’s recent flat price action could simply be the result of a “tug of war” between sellers liquidating positions to pay U.S. taxes and buyers using refunds to invest. The U.S. tax deadline was April 15.

Conclusion

With market indicators beginning to tilt in favor of the bulls, Bitcoin may be gearing up for a new push. However, cautious investor sentiment and external factors like tax season are keeping momentum in check—for now. All eyes remain on the $85,000 level as a potential breakout trigger.