Ethereum Buyers Dominate Binance Derivatives After 3-Year Signal
Ethereum's Taker Buy Sell Ratio on Binance climbed above 1.0 for the first time in three years, reaching a monthly average of 1.016. The last time this threshold held was in 2023, shortly after the Shapella hard fork on April 12.
Key Takeaway
Binance derivatives flip bullish for first time since 2023, but ETH still trades below key moving averages.
Top analyst Darkfost spotted a derivatives signal that last appeared in 2023.
Ethereum's Taker Buy Sell Ratio on Binance climbed above 1.0 and has held there for several consecutive days, reaching a monthly average of 1.016. That threshold marks the dividing line between buyer and seller dominance in the derivatives market. Binance processes 37% of global ETH open interest, making its derivatives data a reliable gauge of broader market sentiment.
Darkfost said the current shift represents the early stage of a more constructive trend, not its confirmation. He added that gradual shifts in derivatives markets are structurally healthier than sharp ones. A slow return of buyer dominance builds a more durable foundation than a rapid one, he explained, describing the difference between a setup and a trap.
Ethereum now pushes toward ₱131,868 ($2,200) but faces short-term resistance between ₱131,868 ($2,200) and ₱134,864 ($2,250). The 50-day moving average has flattened, while ETH remains below both the 100-day and 200-day moving averages, which continue trending downward. Spot ETH ETFs hit ₱3 trillion ($50 billion) in assets under management after approvals in 2025, adding structural support to derivatives activity.
The last time Binance's Taker Buy Sell Ratio sustained levels above 1.0 was in 2023, shortly after the Shapella hard fork enabled staking withdrawals on April 12. Ethereum surged past ₱119,880 ($2,000) the next day and peaked at ₱127,432 ($2,126) on April 14, 2023.
This article was written based on reporting from NewsBTC.
