Analyst: Binance taker buy/sell ratio falls to one-year low, extreme market pessimism may signal contrarian bullish reversal

Odaily reports: Crypto analyst Darkfost posted that Bitcoin's recent pullback has noticeably accelerated, dropping 17.5% from its latest high of approximately $87,400, which is a fairly common retracement magnitude during a bull market phase. Meanwhile, market pessimism continues to intensify, particularly evident in the derivatives market.

The Binance Taker Buy/Sell Ratio has fallen to its lowest level in over a year, currently at 0.85, meaning aggressive sell order volume significantly exceeds aggressive buy orders; the metric's monthly average has also dropped to 0.97, the lowest level since Bitcoin fell below $60,000 in February this year and the market correction intensified. Current market pessimism has reached extreme levels, but such extreme readings tend to appear in the later stages of a trend and may serve as a contrarian bullish signal in the short term, providing an opportunity for Bitcoin's next rally.