Divergence between price and Taker Buy Sell Ratio
In recent days, we are witnessing an increase in Open Interest (one of the Onchain indicators).
Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs.
As Open Interest (OI) increases, it indicates more liquidity, volatility, and attention are coming into the derivative market.
At the same time, At the same time, after an increase (which led to the current local top), a downward trend began Taker Buy Sell Ratio" (another Onchain indicator). (The ratio of buy volume divided by sell volume of takers in perpetual swap trades.)
"Taker Buy Sell Ratio" indicates a divergence between the price and its 30-day moving average. Despite the price increase in recent days, the Taker Buy Sell Ratio is declining. This divergence could be a signal that prices may fall in the coming days
Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs.
As Open Interest (OI) increases, it indicates more liquidity, volatility, and attention are coming into the derivative market.
At the same time, At the same time, after an increase (which led to the current local top), a downward trend began Taker Buy Sell Ratio" (another Onchain indicator). (The ratio of buy volume divided by sell volume of takers in perpetual swap trades.)
"Taker Buy Sell Ratio" indicates a divergence between the price and its 30-day moving average. Despite the price increase in recent days, the Taker Buy Sell Ratio is declining. This divergence could be a signal that prices may fall in the coming days