So far in 2025, Bitcoin hasn’t managed to gather any substantial momentum. Although it did momentarily sail past the $108,000 mark in the middle of January, it’s since faced some tough corrections over recent weeks.
The latest setback came as Bitcoin’s value tumbled significantly to around $92,000. This drop was triggered by President Donald Trump, who has recently imposed new trade tariffs affecting Canada, Mexico, and China. Despite a swift bounce back putting Bitcoin above $100,000, it hasn’t been able to maintain this upward drive. As it stands, Bitcoin is hovering around $96,500.
Now, let’s dive into what’s happening with HTX and BitMEX users and their Bitcoin strategies. Known crypto analyst Ali Martinez shared insights on X, highlighting that some centralized exchanges are seeing a spike in buying action. This is largely observed through the “taker buy/sell ratio,” a metric that evaluates the buying and selling volumes for a specific asset, like Bitcoin.
To break it down, a taker buy/sell ratio above one signals more buyers than sellers, suggesting positive momentum as investors are inclined to pay more for Bitcoin. In comparison, a ratio below one hints that sellers outnumber buyers, indicating a lean towards bearish sentiment in that market.
Martinez’s post on X revealed an intriguing development on February 8, when the Bitcoin taker buy/sell ratio on exchanges HTX and BitMEX surged. CryptoQuant data indicates the metric shot up to about 5.7 on BitMEX late that day.
The momentum didn’t stop there. HTX saw the Bitcoin taker buy/sell ratio peak at 16 on Saturday before diving back to around 0.4. This swing is a clear sign of heightened buying interest on these centralized platforms.
Such a surge in purchasing activity could potentially fuel a rally for Bitcoin, which is desperately in need of a boost to drive its price upwards. Currently, Bitcoin is priced at approximately $96,700, showing little movement over the last day.
Now the big question: Is it time to jump into BTC?
In another update on X, Martinez floated the idea that this could be a good moment for investors to re-enter the Bitcoin market. His suggestion hinges on the current sentiment in the crypto community.
Right now, many in the crypto space are feeling pessimistic about Bitcoin. But historically, prices have often moved contrary to the prevailing mood of the crowd.
This climate might just offer an opportunity for savvy investors.
