Sashimi Nakamoto2021-08-21

Buyer-taker ratio highest in 12 months

Bircoin buyer-seller taker ratio for a few hours today reached the highest value of the past 12 months, indicating that buyers have begun stepping up. Historically such moves preceded upward moves in price. This suggest that Bitcoin is poised for another leg up, likely into high $50k in the near term. Historically corrections after such legs up are also likely, so be prepared for volatility.