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Breaking News: Ripple Throws Weight Behind Hyperliquid, Fueling HYPE’s Rally Toward Crucial Levels
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Breaking News: Ripple Throws Weight Behind Hyperliquid, Fueling HYPE’s Rally Toward Crucial Levels

Bitcoin Net Taker Volume Sees Third-Largest Bearish Spike In 2 Years

Keshav Verma
Keshav Verma
Last Updated: February 3, 2026 9:00 am
2 mins read
Bitcoin

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Data shows the Bitcoin Net Taker Volume on Binance has taken one of its most negative values in recent years as the cryptocurrency’s price has plunged.

Bitcoin Binance Net Taker Volume Has Fallen Deep Into Red Zone

As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Net Taker Volume has seen a notable uptick in bearish sentiment on Binance. The “Net Taker Volume” here refers to an indicator that measures the net amount of taker buy or sell volume present in a given futures market.

When the value of this metric is positive, it means the taker buy volume outweighs the taker sell volume on the platform. Such a trend implies a bullish sentiment is shared by the majority of the futures traders.

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On the other hand, the indicator being under the zero mark suggests a bearish mentality is dominating the exchange as taker sell volume is outpacing the taker buy volume.

Now, here is the chart shared by Maartunn that shows the trend in the 7-hour moving average (MA) Bitcoin Net Taker Volume for Binance over the last couple of years:

Bitcoin Net Taker Volume
The 7-hour MA value of the metric appears to have plunged in recent days | Source: @JA_Maartun on X

As displayed in the above graph, the Bitcoin Binance Net Taker Volume has witnessed a steep decline into the negative territory recently, suggesting a spike in bearish positioning. The red spike has arrived as the cryptocurrency has gone through a rapid drawdown that has taken its value below the $80,000 level.

“This is the 3rd largest sell-off by Sell Taker Volume Dominance in the last 2 years,” noted the analyst. The two spikes in this window that were larger in magnitude came in October as the asset’s price crashed following its all-time high (ATH) above $126,000.

In the past, Bitcoin has often tended to move in the direction that goes contrary to the expectations of the majority. As such, it only remains to be seen how the coin will develop in the near future, given this dominance of short sentiment. “At some point, the best risk-reward flips long,” said Maartunn. “We’re getting close.”

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In related news, the digital asset derivatives sector has gone through some chaos as BTC and other assets have observed volatility. According to data from CoinGlass, derivatives platforms handled over $783 million in liquidations over the last 24 hours. Out of these $484 million of the contracts involved were long positions.

Bitcoin Liquidations
The numbers related to the latest mass liquidation event | Source: CoinGlass

$300 million of the liquidations still involved bearish bets as Bitcoin and other cryptocurrencies have seen some rebound in this window.

BTC Price

Bitcoin briefly dipped all the way under $75,000 on Sunday, but the asset has since bounced a bit as it’s now trading around $78,900.

Bitcoin Price Chart
Looks like the price of the coin has gone down over the last few days | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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