Binance Ratio Hits Low With Bottom Signals

According to CryptoQuant analyst Darkfost, the ratio of buy and sell orders in the Binance futures market (Taker Buy Sell Ratio) fell in August to its lowest level of the current market cycle. The figure was recorded at around 0,95.

This indicator measures the balance between market buy and sell orders. Readings above 1 indicate buyer dominance, usually seen in bullish phases. Readings below 1 point to seller dominance, reflecting prevailing bearish sentiment.

Darkfost highlights that a drop in the metric to current levels has historically coincided with moments when the market offered favorable entry points despite the overall negative sentiment.

Reaction of Short-Term Holders

According to the latest analysis by Glassnode, the behavior of investors who purchased assets less than three months ago remains a key factor in shaping local price bottoms. Since early July, this segment has built a dense cluster of supply in the $113.000–120.000 range.

Glassnode applies the SOPR (Spent Output Profit Ratio) metric broken down by holder age to analyze their behavior. The current short-term SOPR level fluctuates between 0,96 and 1,01, indicating mild loss realization.

Historically, local bottoms are most often formed when this group capitulates and SOPR drops below 0,9. This has not yet occurred, but growing pressure could trigger the mechanism, analysts note.

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