Bitcoin’s price has been pretty sluggish in 2025, except for a brief jump above $108,000 in mid-January. It’s seen some serious dips lately, especially after President Trump announced new trade tariffs. Even though it bounced back above $100,000, it’s struggling to stay there, currently hovering around $96,500.
Big Bitcoin Buys on Exchanges
Analyst Ali Martinez noticed something interesting: major exchanges like HTX and BitMEX saw a huge surge in buying activity. He looked at the “taker buy/sell ratio,” which basically shows whether more people are buying or selling.
A ratio above 1 means more buying than selling – generally a good sign. A ratio below 1 means more selling – not so good.
On February 8th, the ratio on BitMEX shot up to 5.7, and on HTX, it even hit 16 before dropping to 0.4. Even with the drop, the initial spike shows a lot of people buying Bitcoin on these exchanges.
Is This a Buying Opportunity?
This increased buying activity could be good news for Bitcoin’s price. Right now, the overall sentiment towards Bitcoin is pretty negative. But, interestingly, prices often move against what people expect. Martinez suggests this could be a good time to buy, given the current negative sentiment and the recent surge in buying on exchanges./p>
