The elevated reading signals traders are aggressively adding long positions, pointing to stronger market buy orders than sell orders on the exchange.
Bybit traders are aggressively increasing Bitcoin long positions, with the exchange’s Taker Buy/Sell Ratio rising to 20.86. The metric compares the strength of market buy and sell orders, and a higher reading indicates stronger buying pressure. The move suggests traders are leaning more heavily toward bullish positioning on Bybit, according to Cointelegraph.