ETH's active buy/sell ratio on Binance has fallen to 0.81, one of the highest readings of active sell dominance on record. With 1 representing a balance between buying and selling, the current figure indicates that active sells are significantly outweighing buys in the ETH futures market, as a large number of traders choose to sell at market price. The metric primarily reflects short-term market trading sentiment and should not be used as a standalone indicator for predicting future price movements.
Odaily Planet Daily: Binance’s active buy/sell ratio for ETH has fallen to 0.81, putting it among the strongest readings of active sell dominance ever recorded. A reading of 1 is the balance point between buying and selling. Right now, the numbers show selling pressure is plainly in control in the ETH futures market, with plenty of traders choosing to sell at market price. This gauge mostly captures short-term trading mood in the market. And it should not be used on its own to judge where prices go next.
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