Data shows the Bitcoin Net Taker Volume has been highly positive on Binance recently, a sign that the bulls are putting up aggressive bets.
Bitcoin Binance Net Taker Volume Is Currently At A Notable Positive Level
As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin taker buyers have dominated the Binance platform during the last few days. The indicator of relevance here is the “Net Taker Volume,” which measures the difference between the taker buyer and taker seller volume on any given centralized exchange.
When the indicator has a positive value, it means the taker buyers are outweighing the taker sellers on the platform. This kind of trend implies a bullish sentiment is shared by the majority of the users.
On the other hand, the metric being under the zero mark suggests a bearish mentality is dominant on the exchange as the short volume is larger than the long volume.
Now, below is the chart shared by the analyst that shows the trend in
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