Bitcoin Traders Suddenly Turn Bullish on Binance – What Are They Seeing That You’re Not?
Bitcoin (BTC) is hovering near $84,429, holding steady just below a key resistance at $85,500. While the overall market appears calm, something interesting is brewing beneath the surface—Binance traders are quietly shifting their sentiment.
According to the latest data, Binance’s Taker Buy/Sell Ratio has moved into positive territory at 1.008. That means more aggressive buyers than sellers are stepping in, often a precursor to a breakout that catches many retail traders off guard.
Order Flow Tilts Bullish as Resistance Looms; Bitcoin Supported?
The Taker Buy/Sell Ratio measures how aggressive buyers and sellers are in real-time. A reading above 1 signals bullish momentum, and right now, that ratio sits at 1.008.
Earlier this month, when Bitcoin briefly traded above $86K, the ratio spiked past 1.1—so this current uptick could be a sign of more upside to come.
Binance Taker Ratio: 1.008 (bullish shift)
Derivatives sentiment turning positive
$637M in Short Liquidations at Risk Above $85K
A breakout above $85,000 could trigger massive short liquidations. CoinGlass data shows that nearly $637 million in short positions would be wiped out if BTC pushes through that key level—potentially fueling a rapid price surge.
Meanwhile, Bitcoin’s market dominance continues to climb. According to TradingView, BTC’s share of the market stands at 63.81%, up nearly 10% year-to-date. With the Altcoin Season Index at just 15 out of 100, it’s still very much “Bitcoin Season.”
Short squeeze potential: $637M in liquidations
BTC dominance: 63.81%, up 9.82% YTD
Altcoin Season Index: 15/100 — not altcoin season yet
Cautious Optimism as Fear Persists in Broader Market
Despite bullish on-chain and technical indicators, sentiment across the broader market remains cautious. The Crypto Fear & Greed Index is sitting at 29, firmly in the “Fear” zone.
Some analysts argue this skepticism is masking Bitcoin’s breakout potential. Jamie Coutts of Real Vision suggests BTC could surprise to the upside and test new all-time highs by the end of Q2.
Others point to tax-related flows—where selling for obligations and refund-driven buying are keeping prices in a holding pattern.
Macro Backdrop: Dollar Weakens, Geopolitics Heat Up; Bitcoin Hedge
BTC is also getting a lift from macro trends. The U.S.dollar continues to weaken amid tariff-related trade tensions.
With President Trump reimposing steep tariffs on Chinese goods and the dollar slumping, Bitcoin is increasingly seen as a hedge against inflation and currency risk.
At the same time, the April 15 U.S. tax deadline is influencing flows, with some traders selling to meet obligations while others use refunds to enter the market.
Bitcoin’s price may be stagnating due to tax-related selling and refunds fueling buys.
The weakening US dollar boosts Bitcoin as a hedge against inflation.
Geopolitical tensions, like US tariffs on China, contribute to the dollar’s decline, benefiting Bitcoin.
Bitcoin Price Outlook: Breakout Ahead?
Technically, Bitcoin remains supported by a rising trendline and the 50-period EMA on the 2-hour chart. The $83,800 support zone is holding firm, and RSI has bounced to 51.8—indicating buyers still have room to drive prices higher.
Trade Setup:
Entry: Buy above $85,500 on volume breakout
Targets: $86,446 – $87,416
Stop Loss: Below $83,800
Tip: Wait for a strong candle close with volume to confirm strength—avoid chasing premature breakouts.
Bottom Line: Quiet Bullish Shift Could Catch Traders Off Guard
Bitcoin is consolidating, but don’t mistake silence for weakness. The shift in Binance’s order flow, growing dominance, and looming short squeeze risk all point to a potential breakout. If $85,500 breaks, momentum could accelerate fast—rewarding traders who stayed patient and prepared.
Best Wallet ($BEST): Presale Surges Past $11.7 M as Launch Nears
Best Wallet ($BEST) is quickly emerging as one of the most promising crypto apps of 2025—offering users a secure, streamlined platform to manage digital assets with ease. With support for over 1,000 tokens and integrated Fireblocks MPC-CMP security, it’s designed for both beginners and seasoned traders alike.
Now available on Google Play and the App Store, Best Wallet combines functionality with innovation. Its standout “Upcoming Tokens” feature gives users exclusive early access to presale opportunities—allowing them to invest in high-upside projects before they go public.
The ongoing $BEST token presale is gaining momentum, with over $11.69 million raised so far. Each token is currently priced at $0.024725, and the countdown is on before the next price increase.
The presale has already seen 193 million $BEST tokens staked, a sign of strong community trust and long-term commitment.
Stakers can currently earn up to 137% APY, adding an attractive yield incentive to early participation.
Key Highlights:
Presale raised: $11.7 million+
Current token price: $0.02475
Tokens staked: Over 193 million
Staking rewards: ~137% APY
Supported chains: 1,000+ tokens secured via Fireblocks MPC-CMP
App availability: Google Play & App Store
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