Bitcoin Maintains Negative Structure
The taker ratio alone is not a buy/sell signal, but it provides important clues about price direction as it measures the dominance of buyers and sellers.

The spot taker buy/sell ratio is currently at -0.02, with market orders indicating that the selling side is still slightly dominant. In other words, spot buyers haven't yet taken clear control.

The #BTC price is approximately $77,300, and the Active Realized Price is approximately $84,000. The price remaining below this cost base indicates continued selling pressure on the on-chain side. While buy bars have increased recently, sell bars are also strong; this suggests a search for volatile equilibrium rather than a reliable trend reversal for now.

Therefore, the main scenario is that unless the $84,000 region is reclaimed, sideways-downward movement or reaction rallies are more likely to be sold. If the $77,000 level is maintained, a short-term recovery may be seen; however, for the rise to become more credible, both the ratio needs to permanently turn positive and the price needs to hold above $82,000. $BTC