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Bitcoin’s price has finally reclaimed the $100,000 milestone after ranging below it for several weeks. This latest surge signals renewed momentum in the broader crypto market. At the time of writing, the asset trades at $100,383, reflecting a 3.5% gain over the past 24 hours.
Despite this climb, Bitcoin remains roughly 8.4% % below its all-time high of $109,000 reached in January 2025, highlighting room for further upside if buying interest persists.
Buy-Side Pressure Mounts as Key Metric Hits Bullish Threshold
A CryptoQuant analyst has reported that the Taker Buy-Sell Ratio on Binance, which reflects the level of aggressive buying versus selling, is currently trending upward. Crazzyblockk highlighted key insights into this trend and what it may signal for Bitcoin’s price trajectory.
According to the post titled “Binance Taker Buy-Sell Ratio – Your Smart Money Radar,” the ratio currently stands at 1.131, suggesting a dominant presence of market buyers over sellers. The seven-day average has trended up to 1.045, while the 30-day average shows a 12.1% surge.
These readings signal bullish sentiment, although the associated z-score of 2.45 suggests that market conditions may be approaching short-term overbought levels.
Crazzyblockk notes that Binance remains one of the most reliable platforms for gauging sentiment due to its deep liquidity and trading volume. The platform’s scale provides an accurate reflection of institutional and high-volume trader behavior.
The analysis suggests that if the taker ratio stays above 1.1 and Bitcoin sustains the $99,000 level, bullish continuation is likely. However, a dip below 1.05 could hint at profit-taking and potential consolidation. The elevated price volatility also provides opportunities for short-term traders looking to capitalize on market swings.
Bitcoin New Whales Reshape Ownership Dynamics in 2025
In a separate analysis, CryptoQuant contributor OnChainSchool has observed notable changes in the makeup of Bitcoin’s largest holders. Using on-chain data, the analyst identified a substantial increase in the number of wallets holding more than 1,000 BTC with coins aged less than 155 days, typically considered new whales.
The ratio of new to old whales has risen from 0.16 to 0.28 this year, marking a 75.6% increase in their relative presence. These new wallets have collectively added over 430,000 BTC to their holdings, while older whales have trimmed their exposure by around 24,000 BTC.
Despite the dynamic nature of wallet categorization, where new whales age out after 155 days, the upward trend in balances points to an influx of capital from newer, high-value investors.
Interestingly, this coincides with the recent report of an all-time high recorded in Bitcoin’s realized cap, which signals growing confidence in BTC among holders.
Bitcoin Breaks Realized Cap All-Time High for the Third Consecutive Week
“This pattern reflects growing confidence among both Long-Term Holders and Short-Term Holders, who are strengthening their positions as the market shows signs of recovery.” – By @oro_crypto pic.twitter.com/rQoWq1zqHy
— CryptoQuant.com (@cryptoquant_com) May 8, 2025
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
