Bitcoin Bid & Ask Ratio Flips Positive, Signaling Potential Bullish Breakout

Bitcoin (BTC) is consolidating around the $100,000 mark after several days of intense volatility, but a key metric has turned positive for the first time in months, suggesting a bullish reversal could be imminent. Analyst Maartunn from CryptoQuant highlighted that the Bitcoin Bid & Ask Ratio has reached +0.2, indicating that buy-side liquidity (bids) is outpacing sell-side orders (asks) within a tight price band near the current market price.

This positive ratio means that for every $100 in orders, approximately $60 are bids and $40 are asks, representing a 20% dominance of buy orders over sell orders. This marks a sharp contrast from most of 2025, where order books were dominated by sellers, limiting rallies and making price dips feel more pronounced. Maartunn noted that buy walls are forming, with aggressive buyers—including whales, institutions, and market makers—stacking limit orders below the current price to defend it and absorb any sell-offs.

The implications for Bitcoin's price are significant: with strong buyer support at lower levels, analysts project a bullish acceleration above $110,000 in the short term. If the ratio remains positive, Bitcoin could enter a new impulsive phase, aligning with long-term forecasts such as those from analyst PlanB, who targets prices as high as $130,000.