ETH sellers are ramping up the pressure on Binance. According to CryptoQuant, the market sell volume for Ethereum is about 23% higher than buys right now. The Taker Buy/Sell Ratio has dropped to 0.81—the lowest level since 2020.

What’s going on?

The data shows a clear tilt toward aggressive market selling. With sells outpacing buys by roughly 23% and a Taker Buy/Sell Ratio at 0.81, sellers are firmly in control of ETH trading on Binance at the moment.

What does the Taker Buy/Sell Ratio mean?

The Taker Buy/Sell Ratio tracks the volume of market orders initiated by buyers versus sellers. When this number drops below 1, it usually signals sellers are dominating and there’s increased sell-side pressure from takers. At the current level, the metric highlights that market sell orders for ETH are leading the action on Binance.