Binance Taker Buy/Sell ratio hits a one-year low, a contrarian signal ?

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Bitcoin's correction has accelerated sharply over the past few days and could offer a good opportunity ahead of the next rebound.

From its latest high of around $87 400, BTC is now down 17.5%, a fairly common drawdown during bull phases.

Despite this correction, pessimism keeps gaining ground, particularly in derivatives.

On Binance, the Taker Buy/Sell Ratio has just fallen to its lowest level in over a year. At 0.85, sell orders overwhelmingly dominate platform volume.

Its monthly average is also collapsing and now stands at 0.97. This level hasn't been seen since February, when the correction intensified and pushed Bitcoin below $60 000.

This reflects extreme pessimism, which is now spreading across most traders.

However, these extremes tend to be reached late and can act as a bullish contrarian signal over the short term.