Over the past week, Bitcoin prices have been able to win one of the better performances over the past month. After finishing August and starting September below the psychological $110,000 level, the best cryptocurrency has returned above $115,000.
Bitcoin prices have slowed somewhat towards the weekend, but optimism is growing in the market for new gatherings. Interestingly, the latest on-chain data points to an increasing likelihood of “moment-driven gatherings” at Bitcoin prices.
Binance Taker Buy and Sell Ratio remains positive for 3 days
In a September 12th post on the X Platform, Crypto analyst Burak Kesmeci shared an exciting on-chain perspective to support the growing bullish story of Bitcoin prices. According to The Online Pundit, Taker has been sticking to positive territory for three days with the buy and sell ratio of Binance, the world’s largest crypto exchange.
The Taker Buy-Sell Ratio is a chain metric that compares the percentage of taker’s buying volume with the taker’s sales volume in crypto exchanges. One or more values of this metric usually means that the taker’s buy volume is higher than the taker’s sales on the exchange (in this case, Binance). This trend suggests that more traders are willing to acquire coins at higher value on trading platforms.
On the other hand, if the buy-sale rate of Taker is less than 1, it indicates that Taker’s sales volume is greater than the buy-sale volume of Taker on the exchange. Ultimately, this value suggests that more sellers are willing to sell coins at a lower price on the open market.
Source: @burak_kesmeci on X
According to encrypted data provided by Kesmeci, the Binance Taker buying and selling ratio has exceeded one threshold over the past three days. The indicator sits around 1.04, suggesting bullish momentum towards the market and increased investor confidence.
Additionally, the metric’s local peak is approximately 1.15 in 2025. This means that investors’ sentiment has not yet been overheated and can rise further from the current point. In this case, Kesmeci concluded that positive investors’ sentiment towards the world’s largest crypto exchange by trading volume can set the momentum-driven uptrend stage of Bitcoin prices.
Bitcoin price at a glance
At the time of writing, BTC priced at around $115,900, not reflecting any significant movements over the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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