The winds of change are blowing through the Bitcoin market, and they’re bringing with them a tidal wave of buyer momentum. According to fresh insights from analytics firm CryptoQuant, Bitcoin’s buying pressure has surged to its highest level in recent memory, hinting at a renewed bullish grip over the market. The firm reported that the Binance Taker Buy-Sell Ratio—a metric often used to track real-time buying versus selling activity—has surged past the 1.00 mark, climbing as high as 1.02 on May 13.
This might seem like just another technical indicator, but in the world of crypto, such small numerical shifts can spell major sentiment changes. When the ratio crosses 1.00, it implies that aggressive buyers are dominating the trading floor—exactly what appears to be happening now. And the timing couldn’t be more interesting: Bitcoin is currently priced around $103,780, marking a jaw-dropping 22.67% rally over the last month. It’s now inching dangerously close to its previous all-time high of $109,000, which it hit back in January 2025.
Market Momentum Picks Up Steam
CryptoQuant contributor Gaah connected the dots between this recent surge and past market turnarounds. He noted that similar spikes in the Taker Buy-Sell Ratio occurred during significant moments in Bitcoin’s history—such as the $15,000 to $20,000 accumulation phase in late 2022, and the $30,000 breakout in October 2023. This pattern suggests that history could be repeating itself, with buyers once again seizing short-term control and pushing the asset toward new highs.
Supporting that perspective, CryptoQuant analyst Shayan Navabi explained that the breach above 1.00 marks more than a technical milestone—it’s a psychological shift. “When you see the ratio push past 1.00 and continue climbing, it means buying enthusiasm is outweighing sell pressure,” Navabi said. “This typically aligns with sharp price upswings and increased volatility.”
Analyst Crazyblockk added that Binance remains one of the best platforms to analyze market sentiment due to its massive liquidity and trade volume, offering a trustworthy read on the behavior of high-frequency and institutional traders.
The Rise of a New Class of Bitcoin Whales
While buying pressure is grabbing headlines, another seismic shift is occurring quietly behind the scenes—one that could redefine Bitcoin’s ownership dynamics in 2025. According to CryptoQuant contributor OnChainSchool, there’s a significant uptick in new “whale” wallets—those holding more than 1,000 BTC and with coins that are less than 155 days old. This group of newer, high-value investors is growing rapidly.
In fact, the ratio of new whales to older ones has jumped by a striking 75.6% this year, rising from 0.16 to 0.28. These new entrants have snapped up over 430,000 BTC, while some of the long-term whales have dialed down their exposure by about 24,000 BTC. It’s a changing of the guard, with fresh capital stepping in and reshaping the landscape.
Confidence Builds Across the Board
This influx of new whale wallets aligns with a broader shift in market confidence. Bitcoin’s realized cap—a measure of the total value of all coins based on their last move—has hit record levels for three consecutive weeks, signaling that both new and long-term holders are feeling increasingly secure in their positions.
Even CryptoQuant CEO Ki Young Ju, who once speculated that the bull run might be cooling, is now revising his outlook. “I was wrong two months ago,” he admitted on May 9. “The selling pressure has eased, and we’re seeing strong institutional inflows—particularly through ETFs.”
Young emphasized that instead of focusing on whether old whales might sell, investors should now turn their attention to where the new liquidity is coming from. “Institutional volume via ETFs is more influential now,” he said. “Even if large holders decide to sell, this wave of capital could absorb it.”
With institutional appetite growing and new Bitcoin whales on the rise, the latest data points to a market primed for further expansion—one where bullish energy may soon translate into new all-time highs.
