Analysis: Binance Bitcoin taker ratio drops to a one-year low, extreme pessimism may signal a short-term reversal.

BlockBeats news, November 13 - CryptoQuant analyst Darkfost pointed out that Bitcoin has accelerated its pullback in recent days, dropping 17.5% from the recent high of $87,400, which is a relatively common retracement magnitude during bull market phases. However, bearish sentiment in the derivatives market is intensifying. Binance's taker buy/sell ratio has fallen to 0.85, the lowest level in over a year, with sell orders dominating the platform's trading volume. Meanwhile, the monthly average of this indicator has also sharply declined to 0.97, hitting a new low since Bitcoin fell below $60,000 and accelerated its correction in February this year.

The analyst stated that this data reflects derivatives traders falling into extreme pessimism. However, such extreme pessimism often appears in the later stages of a pullback, and in the short term, this indicator typically serves as a bullish "contrarian signal." When market panic has been fully priced in, it often signals an upcoming rebound opportunity.