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TechFlow news, Crypto Quant contributor Crypto Sunmoon said the buy-sell ratio indicator, which rose from its lows in November to December 2022, is now showing a similar upward trend.
An increase in buy orders during periods of negative market sentiment in the Bitcoin market can signal a shift toward an upward trend. Currently, the dominance of buy orders in the Bitcoin market resembles that of January 2023.
Crypto Quant contributor Crypto Sunmoon noted that the buy-to-sell ratio indicator has risen from the lows seen between November and December 2022, showing a similar trend this time. An increase in buy-side market pressure during periods of poor Bitcoin market sentiment can signal a shift toward an upward trend. Currently, the dominance of buy-side market activity in Bitcoin is similar to that seen in January 2023.
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