Bitcoin Taker Buy Volume Witnesses Notable Spike Is BTC Price Next?

On Thursday, April 3, United States President Donald Trump announced new trade tariffs on goods from different countries, with some Asian nations facing even steeper fees. While the US financial markets reacted negatively to this economic action, the crypto and Bitcoin markets have been able to withstand the global macroeconomic pressure.  Bitcoin Price Overview According to data from CoinGecko, the price of Bitcoin has barely made any significant move over the last seven days. However, this piece of data does not tell the entire story, as the premier cryptocurrency made a play for the $87,000 mark on Wednesday, April 2, before recently falling back to around $84,000. The price of Bitcoin is being closely watched by market participants and speculators, especially considering the underwhelming performance of the US equities market over the past two days. This recent development suggests that the worlds largest cryptocurrency might be decorrelating from the traditional markets. Related Reading: Is Korea Propping Up The XRP Price? Pundit Explains Whats Happening As of this writing, the premier cryptocurrency stands at around $84,000, reflecting an over 2% increase in the past 24 hours. This single-day performance might bode well for what is to come over the weekend, especially as the Bitcoin price has not particularly impressed at the latter end of each week so far in 2025. Is A BTC Price Bounce On The Horizon?  In a new post on the X platform, crypto analyst Maartunn revealed that the Bitcoin bulls might be on the move again. This on-chain observation is based on changes in the Taker Buy Volume, a metric that measures the total volume of buy orders filled by takers in perpetual swaps of a specific cryptocurrency. In the crypto trading context, a taker refers to a market participant who places an order matched with an existing order on the order book. Hence, the Taker Buy Volume indicates the total amount of a cryptocurrency (BTC, in this scenario) purchased by these market participants within a specific period. Maartunn mentioned in his post that the taker buyers are beginning to step into the market, with the buy volume surpassing a significant milestone. According to the on-chain analyst, the Bitcoin Taker Buy Volume on all centralized exchanges recently crossed 100 million BTC to around 101.18 million BTC. Historically, notable upticks in the Taker Buy Volume have often preceded a bullish surge in the price of Bitcoin. Going by this trend, Maartunn urged to watch out for the BTC price action over the next few days. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Featured image created by DALL-E, chart from TradingView

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Bitcoin Back Above $70,000 Despite Negative Taker Volume

Bitcoin has surged back above the $70,000 level during the past day despite the negative Net Taker Volume for the asset. Bitcoin Net Taker Volume Has Seen Some Large Negative Spikes Recently As explained by CryptoQuant Netherlands community manager Maartunn in a post on X, selling spikes of a significantly heavier scale than before have recently appeared in the Bitcoin Net Taker Volume. Related Reading: Bitcoin 2 Months Through Euphoria Wave, How Long Was The Last One? The “Net Taker Volume” is an indicator that keeps track of the difference between the Bitcoin taker buy and taker sell volumes in perpetual swaps. How can the sell and buy volumes be different? As CryptoQuant explains in its data guide: This concept is often confusing because every trade requires both a buyer and a seller of the given underlying asset. However, depending on whether the order taker is a buyer or seller (whether a transaction occurs at the ask price or the bid price), you can distinguish between long volume from taker seller volume. When the value of this metric is positive, it means that the taker buy volume is overwhelming the taker sell volume right now. Such a trend implies a bullish sentiment is shared by the majority. On the other hand, the negative indicator suggests that more sellers are willing to sell the coin at a lower price, a sign that a bearish mentality is the dominant one. Now, here is a chart that shows the trend in the Bitcoin Net Taker Volume over the past year: The value of the metric seems to have been quite red in recent days | Source: @JA_Maartun on X As the above graph shows, the Bitcoin Net Taker Volume has recently registered a sharp negative spike, implying that the taker sell volume has been higher than the taker buy volume. The Net Taker Volume has been seeing some large red spikes for a while, as the analyst highlighted in the chart. “Bitcoin is being hammered down massively, with selling spikes on the Net Taker Volume significantly heavier than before,” says Maartunn. Interestingly, despite this bearish sentiment in the market, the Bitcoin price has managed to hold up relatively well. Obviously, the coin’s bullish momentum has gone while these negative Net Taker Volume spikes have taken hold, but the fact that BTC has shown strength against any sustained drawdowns is still impressive. Related Reading: Dogecoin Slows Down: What Needs To Happen For New DOGE Highs? A pattern that’s perhaps visible in the chart is that although the Net Taker Volume has continued to see red spikes recently, their scale has gradually decreased. Thus, if this trend continues, it’s possible that the bearish mentality will eventually run out, and buying pressure will take over Bitcoin. It now remains to be seen how the indicator develops shortly. BTC Price Bitcoin declined below $68,000 just yesterday, but today, the asset has already bounced back and is now trading around $70,800. Looks like the price of the coin has made some recovery over the past 24 hours | Source: BTCUSD on TradingView Featured image from Jievani Weerasinghe on Unsplash.com, CryptoQuant.com, chart from TradingView.com

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Bitcoin Taker Buy/Sell Ratio Can’t Give Any Clear Signals As Demand Remains Low

On-chain data shows the Bitcoin taker buy/sell ratio has been unable to give any real signal recently as the demand has remained low in the market. Bitcoin Taker Buy/Sell Ratio Hasn’t Been Able To Catch Any Momentum Recently As pointed out by an analyst in a CryptoQuant post, the taker buy/sell ratio hasn’t moved much above or below 1 since August 2022. The “Bitcoin taker buy/sell ratio” is an indicator that measures the ratio between the taker buy volume and the taker sell volume. When the value of this metric is greater than one, it means the buy or the “long” volume is higher in the market right now. Basically, this means that there are more buyers willing to purchase BTC at a higher price currently, and thus the buying pressure is stronger. On the other hand, values of the indicator under the threshold suggest the taker sell volume is more dominant at the moment. Such values imply a bearish sentiment is shared by the majority of the investors currently. Naturally, the ratio being exactly equal to one indicates the taker buy and taker sell volumes are exactly equal right now, and therefore the market is evenly split between bullish and bearish mentalities. Related Reading: Ethereum Finishes 2022 With ATH Correlation To Bitcoin, Despite The Merge Now, here is a chart that shows the trend in the 14-day simple moving average (SMA) Bitcoin taker buy/sell ratio over the last few years: The 14-day SMA value of the metric seems to be close to 1 at the moment | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant points of the trend for the 14-day SMA Bitcoin taker buy/sell ratio. It looks like whenever the indicator has crossed the 1.03 level, BTC has observed some bullish momentum shortly after. On the contrary, whenever the ratio dipped below the 0.97 level, a bearish trend followed the crypto’s price. The last time this signal formed was back in April 2022, before the market observed the LUNA and 3AC collapses. The bullish signal was last seen in July 2022, as the crypto built up towards its first relief rally of the bear market. Since then, however, there have been no other breaches of either of these levels, as is apparent from the chart. Related Reading: Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap List In the period between then and now, the taker buy/sell ratio has been oscillating around 1, but the metric has just not been able to summon enough momentum to go all the way in either direction. “We cannot anticipate Bitcoin to move much as long as confidence – and subsequently demand – does not return to the market,” explains the analyst. BTC Price At the time of writing, Bitcoin is trading around $16,700, down 1% in the last week. Looks like the value of the crypto has observed a small surge in the last 24 hours | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Bitcoin price BELOW $20,000 – THIS is where BTC is reaching next

Is Bitcoin down? Where will Bitcoin price reach? In this Bitcoin price prediction article, we analyze the general crypto market and BTC.

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Bitcoin Taker Buy/Sell Volume Spikes Up As Price Experiences Volatility

On-chain data shows both the Bitcoin taker buy and taker sell volumes registered large spikes over the past day as the price goes through volatility. Bitcoin Taker Buy And Taker Sell Volumes Have Surged Up To High Values As pointed out by an analyst in a CryptoQuant post, both the BTC taker buy and taker sell volumes hit more than $1.8 billion yesterday. The “taker buy/sell volume” is an indicator that measures the Bitcoin long and short volumes on derivatives exchanges. The metric distinguishes between these two volumes based on whether the transaction occurs at the ask price (taker buy) or the bid price (taker sell). When these volumes are high, it means the exchanges are receiving a large amount of orders right now. This kind of trend usually leads to higher volatility in the price of the crypto. Related Reading: Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss On the other hand, low values suggest there is little activity in the market at the moment, which can result in a more stale price action for BTC. Now, here is a chart that shows the trend in the Bitcoin taker buy and taker sell volumes during the last couple of weeks: The values of the two metrics seem to have shown large spikes during the past day | Source: CryptoQuant As you can see in the above graph, the Bitcoin taker buy and taker seller volumes have seen  quite sharp increases recently. These spikes have come just after the Federal Reserve chairman Jerome Powell delivered an interest rate warning in a speech yesterday. Related Reading: What The Negative Bitcoin Funding Rates Say About Investor Outlook The taker buy volume took just an hour to reach $1.8 billion, while the taker sell volume rose even higher at around $1.92 billion. The value of Bitcoin observed a drop below the $20k level some time after this elevation in the market activity. Currently, it’s unclear whether this was it for the volatility or if the coin will continue to see more sharp price action in the near future. BTC Price At the time of writing, Bitcoin’s price floats around $19.8k, down 6% in the last seven days. Over the past month, the crypto has lost 6% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has sharply declined over the last twenty-four hours | Source: BTCUSD on TradingView After moving mostly sideways during the past week, Bitcoin seems to have broken out of the range today as the crypto has dipped below the $20k mark for the first time since the middle of July. Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Bitcoin Transactions COULD be Private, Ever Since It's Last Update - But NO EXCHANGES Are Implementing It...

Taproot, Bitcoin's most recent significant update, is more popular among wallets than among exchanges in the ecosystem.

This version included, among other things, privacy-oriented improvements, implying that legally regulated bitcoin (BTC) exchanges may not be greatly motivated to adopt it.

Taproot transactions, on the other hand, are supported by an increasing number of wallets, allowing users to receive or spend bitcoins. Taproot is used by 17 of the top 32 wallets for transferring or receiving bitcoins.

Exchanges Aren't Crazy About Taproot...

On the exchange side, Taproot's adoption isn't looking good, with one of the top 50 exchanges being a little-known P2P exchange (similar to localbitcoins) named Agoradesk.

Exchanges may be hesitant to accept bitcoin deposits sent to Taproot addresses because this feature of Bitcoin is known to promote user privacy while also preventing blockchain examination.

Why are exchanges avoiding it?

Because exchanges must comply with financial regulations in every nation where they operate, private transactions may put them in a position where they are asked to pass over information on a transaction, and do not have it.

What remains unclear is why some of these exchanges offer other privacy coins but not taproot for Bitcoin.

The best guess explanation I have for this is that privacy coins that have been listed for years don't upset enforcers nearly as much as converting Bitcoin from public to private, which may be viewed as a direct hostile move.

But It's Still Easily Accessible...

Find one of the many wallets that support taproot transactions for Bitcoin, and you'll just need to take the step of transferring your Bitcoin from an exchange, to your wallet, then sending it out. 

You should be keeping your BTC on a wallet you control anyway.

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Author: Justin Derbek
New York News Desk / Global Crypto Press
Breaking Crypto News

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California Introduces Bill to Accept Bitcoin for Taxes

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Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

Bitcoin has made its own fair share of millionaires and with the recent bull rally, there is no doubt that this number went up drastically. This has led to a number of issues of investors who have made their money off the digital asset, the main one being taxes. A lot of these millionaires have begun to flee to places with less strict tax laws, as well as better weather conditions. Bitcoin Millionaires Flock To Puerto Rico A recent report from CNBC documents the movements of bitcoin millionaires towards Puerto Rico and its beautiful islands. The subject of the report, 36-year-old crypto entrepreneur and investor David Johnson, outlines why he moved himself and his entire family to the North American country. For the entrepreneur, the tropical paradise was a big push, as well as the tax breaks offered to those who spend at least 183 days on the island. Related Reading | Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments Johnson also noted that the decision to move was also predicated on the fact that his friends had all moved to the same destination. The 36-year-old who lived in New York before the move said there weren’t any of his friends left in what is said to be one of the most expensive cities in the world as they had all moved to Puerto Rico. “That’s where all my friends are. I don’t have one friend left in New York, and maybe the pandemic accelerated this, but every single one of them has moved to Puerto Rico,” Johnson told CNBC. In addition to offering tax breaks to those who spend a significant amount on the island, residents are also allowed to retain their American passports. Locals Not Feeling The Love Puerto Rican locals are not exactly happy about seeing the move to the tropical paradise. This has less to do with the people coming in and more to do with the fact that the locals themselves do not qualify for the tax exemptions that these non-Puerto Ricans enjoy. Residents like Johnson who move in from other American states after making their millions with bitcoin and crypto do not have to pay capital gains on their earnings. However, Puerto Rican citizens are having to pay up to 15% long-term capital gains tax. Related Reading | American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat This disparity between locals and non-locals has obviously now been the source of tension between the two groups. These tax breaks which were meant to bring more jobs and investors into the region are now being utilized by residents who are trying to get out of paying capital gains tax. Additionally, the influx of new wealthy residents is causing property costs to surge. Diaz Fournier of Luxury Collection Real Estate told CNBC that the increased demand has led to prices not seen before. “I’ve been tracking the markets for several years, and I was not expecting this,” Fournier said. “You have properties in Dorado Beach that have been sold for more than $20 million.” BTC falls to $41K | Source: BTCUSD on TradingView.com Featured image from Wallpaper Flare, chart from TradingView.com

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Should This Backtest Hold, Bitcoin Could Be Looking At “Explosive Move” Says Tech Analyst

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