Ethereum Just Saw Strongest Buy Pressure Since 2022
Ethereum has posted its strongest buy-side pressure on derivatives markets since the 2022 bear market, with a notable shift that could signal a trend reversal. Ethereum just saw its strongest buy pressure since the 2022 bear market, according to CryptoQuant analyst Darkfost.
Ethereum's Buy-Side Pressure
Ethereum has spent most of the cycle fighting "unusually heavy selling pressure on derivatives markets," with net taker volume remaining almost consistently negative throughout the period. This was particularly visible when ETH attempted to break into a new all-time high above $4,000 in December 2024, with net taker volume falling to -$511 million.
Net Taker Volume
Net taker volume is a measure of the imbalance between buy and sell market orders on derivatives exchanges. Darkfost pointed out that this pressure was especially visible during ETH's attempts to push into higher price territory, with aggressive sellers in derivatives overwhelming buyers.
Derivatives Market Shift
However, that dynamic has now started to change, with buy-side volumes finally taking control. Since March, buy-side volumes have finally taken control, with +$102 million recorded, a level not seen since the previous bear market in 2022, when ETH was trading around the $1,000 area.
Buy-Side Volumes
This shift is notable because it frames the current move less as routine positioning noise and more as a rare regime shift in flow. Sustained positive taker flow suggests buyers are becoming more willing to lift offers rather than wait passively for lower prices.
Ethereum Price and Market Structure
The comparison to 2022 is notable because it frames the current move less as routine positioning noise and more as a rare regime shift in flow. On the chart, green positive net taker volume bars have reappeared after a long stretch in which red negative readings dominated.
Key Takeaways
- Ethereum has seen its strongest buy-side pressure on derivatives markets since the 2022 bear market.
- Buy-side volumes have finally taken control, with +$102 million recorded.
- The shift in derivatives market could signal a trend reversal for Ethereum.
- Sustained positive taker flow suggests buyers are becoming more willing to lift offers.
Frequently Asked Questions
What is net taker volume?
Net taker volume is a measure of the imbalance between buy and sell market orders on derivatives exchanges.
What does the shift in derivatives market mean for Ethereum?
The shift in derivatives market could signal a trend reversal for Ethereum, with sustained positive taker flow suggesting buyers are becoming more willing to lift offers.
