Crypto: Binance Teases Bitcoin Bullish 'shift' As Crypto Sentiment Hits...

Bitcoin net taker volume flipped positive after a month of "aggressive" selling, but sentiment crashed to its lowest levels in crypto market history.

Bitcoin (BTC) market sentiment has begun to recover as exchange traders reconsider selling.

Bitcoin taker flow finally sees positive values after a month of seller dominance.

“Aggressive” sell pressure is fading at current price levels, analysis says.

The Crypto Fear & Greed Index hits record lows despite BTC price stabilization.

New findings from onchain analytics platform CryptoQuant released on Thursday show net taker flow flipping positive for the first time in a month.

“Bitcoin market sentiment is showing early signs of stabilization, and Binance’s 7-day Net Taker Flow reflects that shift when viewed in proper macro context,” contributor Crazzyblockk summarized in one of its “Quicktake” blog posts.

The metric, expressed as the difference between market buy and market sell orders, has been deep in negative territory since mid-January.

“After reaching nearly -$4.9B in cumulative net selling in early February, Binance’s 7-day taker flow has steadily recovered and flipped positive to around +$0.32B,” Crazzyblockk continued.

The post added that the phenomenon was visible across major exchanges, with Binance nonetheless showing a “stronger shift in net buying pressure than peers.”

Source: CoinTelegraph