TLDR
- A key metric, the Bitcoin Bid & Ask Ratio, has turned positive (+0.2) for the first time in months.
- This indicates that buy-side liquidity (bids) is outpacing sell-side orders (asks).
- Analysts suggest this could defend the current price and lead to an acceleration above $110,000.
The price of Bitcoin (BTC) is consolidating around the $100,000 mark after several days of intense volatility. Amid this correction, which has kept investors on edge, analysts have spotted a crucial metric that has turned positive, suggesting a bullish reversal could be imminent.
Maartunn, a prominent analyst on the CryptoQuant platform, noted that the Bitcoin Bid & Ask Ratio has flipped into positive territory, marking +0.2. This is a notable event, as it represents the first “green bar” for this metric in several months.
This indicator, which measures Bitcoin’s spot order books within a tight price band, essentially compares buy-side liquidity (bids) with sell-side liquidity (asks). A positive ratio means there are more buy orders than sell orders waiting to be executed near the current price, which is a clear sign of accumulation and strong buying interest.
“Buy Walls”: What Does This Mean for BTC’s Price?
The analyst explained that a +0.2 ratio implies that buy orders outweigh sell orders by approximately 20% of the total liquidity in that price window. Put in simple terms, for every $100 in orders, approximately $60 are bids and $40 are asks.
This sharply contrasts with the trend observed during most of 2025, where the order books were dominated by “asks” (sellers), which limited any rally and made every dip feel more pronounced.
According to Maartunn, “buy walls” are forming. This means that aggressive buyers, including whales, institutions, and market makers, are not chasing the price up but are stacking limit orders below the current price to defend it. They are positioning themselves to absorb any sell-off or panic selling.
The implication for Bitcoin’s price is clear: with such a solid buyer base defending lower levels, investors and traders can expect a bullish acceleration above $110,000 in the short term. If the Bitcoin Bid & Ask Ratio stays green, Bitcoin will likely enter a new impulsive phase, aligning with long-term projections, such as those from analyst PlanB, who targets prices as high as $130,000.
