Spike in Taker Buy/Sell Ratio
Crypto analysts have noticed a surge in the Bitcoin taker buy/sell ratio on the HTX Exchange. This means that more traders are buying coins at higher prices, indicating increased buying pressure.
Implications for BTC Price
Analyst Ali Martinez believes this buying surge could signal an upcoming price increase for Bitcoin. Historically, high buy volumes on HTX have been followed by upward price movements.
Average Mining Cost Rises
Bitcoin’s average mining cost has also increased to $86,668. This suggests that miners are spending more to produce Bitcoin, which could also lead to a price increase.
Current Price
As of writing, Bitcoin’s price is hovering around $66,000, with no significant change in the past day.
