Bitcoin’s been doing pretty well lately, climbing back above $115,000 after a bit of a slump. While things have calmed down a bit this weekend, experts are feeling optimistic about a potential price rally. Interesting data suggests this rally might be driven by strong market momentum.
Binance Shows Buying Spree
Crypto analyst Burak Kesmeci pointed out some exciting data on X (formerly Twitter). For three days running, the “Taker Buy Sell Ratio” on Binance (the biggest crypto exchange) has been positive.
This ratio compares how much Bitcoin is being bought versus sold. A ratio above 1 means more people are buying than selling. Kesmeci’s data shows this ratio on Binance has been above 1 (around 1.04), suggesting growing confidence and bullish sentiment. The ratio hasn’t hit crazy high levels (peaks were around 1.15 in 2025), meaning there’s still room for further growth. Basically, more people are buying Bitcoin on Binance, which could fuel a price increase.
Bitcoin’s Current Price
At the moment, Bitcoin is hovering around $115,900, with no major changes in the last 24 hours.