Bitcoin buying pressure hits record high

CryptoQuant revealed that Bitcoin buying pressure reached a new peak on May 13. The firm referred to the Binance Taker Buy Sell Ratio indicator, which measures the ratio between buy and sell orders at the market, and on Tuesday, it reached a new peak near the 1.02 mark.

At the time of publication, Bitcoin is trading at around $103,780, a 22.67% increase from a month ago. The digital asset is just shy of its all-time high of $109,000, reached in January 2025, highlighting room for further upside if buying pressure persists.

Bitcoin buying pressure reaches new peak

An analysis by CryptoQuant revealed that Bitcoin’s buying pressure has reached a new peak following weeks of market tensions caused by U.S. tariffs. The firm’s contributor Gaah noted that the Taker Buy Sell Ratio indicator, which measures the ratio between market buy and sell orders, has again attained historical levels, hitting a new peak around the 1.02 mark.

Gaah argued that the region had already been observed at crucial moments in the market, such as when the bottoms formed between $20,000 and $15,000 at the end of 2022. The region was also seen during the market’s main resistance break at $30,000 in October 2023.

Source: CryptoQuant. Bitcoin Taker Buy Sell Ratio

CryptoQuant’s Gaah noted that the previous high points in the buy ratio showed strong inflows of aggressive buy orders, which followed significant upward movements in Bitcoin’s price. According to the firm’s analyst, the pattern is repeating itself now, with Bitcoin’s price approaching an all-time high and the indicator coming out of a long phase of selling pressure, highlighted visually by the red zone on the chart.

The firm acknowledged that the break of the 1.00 line and the climb to 1.02 indicate buyers have regained market control in the short term. The company added that the move correlated with phases of price momentum. CryptoQuant also noted that the same range coincided with reversal zones or strong volatility in previous periods, making both the start and end of trends.

“The break of the 1.00 line and the climb to 1.02 indicate that buyers have once again taken control of the market in the short term, which historically correlates with price momentum.”

– Shayan Navabi , Analyst at CryptoQuant.

CryptoQuant’s analyst Crazyblockk acknowledged that Binance remains one of the most reliable platforms for gauging sentiment due to its deep liquidity and trading volume. The analyst added that the platform’s Taker Buy-Sell Ratio accurately reflects institutional and high-volume trade behavior.

New Bitcoin whales reshape ownership dynamics in 2025

CryptoQuant contributor OnChainSchool also observed changes in the makeup of Bitcoin’s largest holders in a separate analysis last week. The analyst referred to on-chain data and identified a substantial increase in the number of wallets holding more than 1,000 BTC with coins aged less than 155 days; these are typically considered new whales in the crypto space.

The analyst revealed that 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. The new wallets have accumulated over 430,000 BTC in their holdings, while older whales have trimmed their exposure by around 24,000 BTC.

According to OnChainSchool, despite the dynamic nature of wallet categorization, where new whales age out after 155 days, the upward balance trend suggests an influx of capital from newer, high-value investors. He noted that it also coincides with the recent report of an all-time high recorded in BTC’s realized cap, which signals growing confidence in the digital asset among holders. The analyst said that Bitcoin breaking the realized cap all-time high for the third consecutive week reflects growing confidence among both long-term and short-term holders.

CryptoQuant’s CEO, Ki Young Ju, said on May 9 that he was wrong about the Bitcoin bull cycle being over two months ago. He noted that BTC’s selling pressure was easing, and massive inflows were coming through ETFs.

Young acknowledged that Bitcoin’s new liquidity sources and volume are becoming more uncertain. Instead of traders worrying about old whales selling, it’s more important to focus on how much liquidity comes from institutions and ETFs, since the new influx can outweigh even strong whale sell-offs.

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