Bitcoin’s price has finally reclaimed the $100,000 milestone after ranging below it for several weeks. This latest surge signals renewed momentum in the broader crypto market. At the time of writing, the asset trades at $100,383, reflecting a 3.5% gain over the past 24 hours.
Despite this climb, Bitcoin remains roughly 8.4% % below its all-time high of $109,000 reached in January 2025, highlighting room for further upside if buying interest persists.
Buy-Side Pressure Mounts as Key Metric Hits Bullish Threshold
A CryptoQuant analyst has meldt that the Taker Buy-Sell Ratio on Binance, which reflects the level of aggressive buying versus selling, is currently trending upward. Crazzyblockk highlighted key insights into this trend and what it may signal for Bitcoin’s price trajectory.
According to the post titled “Binance Taker Buy-Sell Ratio – Your Smart Money Radar,” the ratio currently stands at 1.131, suggesting a dominant presence of market buyers over sellers. The seven-day average has trended up to 1.045, while the 30-day average shows a 12.1% surge.
These readings signal bullish sentiment, although the associated z-score of 2.45 suggests that market conditions may be approaching short-term overbought levels.
Crazzyblockk notes that Binance remains one of the most reliable platforms for gauging sentiment due to its deep liquidity and trading volume. The platform’s scale provides an accurate reflection of institutional and high-volume trader behavior.
The analysis suggests that if the taker ratio stays above 1.1 and Bitcoin sustains the $99,000 level, bullish continuation is likely. However, a dip below 1.05 could hint at profit-taking and potential consolidation. The elevated price volatility also provides opportunities for short-term traders looking to capitalize on market swings.
Bitcoin New Whales Reshape Ownership Dynamics in 2025
In a separate analyse, CryptoQuant contributor OnChainSchool has observed notable changes in the makeup of Bitcoin’s largest holders. Using on-chain data, the analyst identified a substantial increase in the number of wallets holding more than 1,000 BTC with coins aged less than 155 days, typically considered new whales.
The ratio of new to old whales has risen from 0.16 to 0.28 this year, marking a 75.6% increase in their relative presence. These new wallets have collectively added over 430,000 BTC to their holdings, while older whales have trimmed their exposure by around 24,000 BTC.
Despite the dynamic nature of wallet categorization, where new whales age out after 155 days, the upward trend in balances points to an influx of capital from newer, high-value investors.
Interestingly, this coincides with the recent report of an all-time high recorded in Bitcoin’s realized cap, which signals growing confidence in BTC among holders.
Bitcoin Breaks Realized Cap All-Time High for the Third Consecutive Week
“This pattern reflects growing confidence among both Long-Term Holders and Short-Term Holders, who are strengthening their positions as the market shows signs of recovery.” – By @oro_crypto pic.twitter.com/rQoWq1zqHy
— CryptoQuant.com (@cryptoquant_com) May 8, 2025
Featured image created with DALL-E, Chart from TradingView
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