Taker Buy Sell Ratio is poised to cross above its center line, signaling a rise in bullish sentiment amid recent market troubles, data from
A value greater than 1 indicates more buy volume than sell volume, while a value less than 1 indicates more sell volume than buy volume.Despite the spike in ETH’s Taker Buy Sell Ratio, an assessment of the coin’s spot and futures markets revealed that bearish sentiments remain significant.At $11 billion as of this writing, ETH’s Open Interest has plummeted 27% in the last seven days.
This marked the first time ETH would record a negative Funding Rate since the bull market rally began in October 2023.In its spot market, key technical indicators observed on a daily chart hinted at the possibility of a decline below $3000 if bearish sentiments linger.
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