Bybit’s taker buy/sell ratio has surged above 25, signaling overwhelming buying pressure in Bitcoin perpetual futures. A reading of 25 means that for every dollar of aggressive selling, there is $25 worth of aggressive buying. Similar spikes were recorded at 24.26 in September 2025 and 30.3 in January 2026, when Bitcoin was also pulling back. Historical precedent shows these extreme readings have sometimes been followed by sharp rebounds, but also by cascades of liquidations when price moved against the crowd. Bybit is one of the largest derivatives exchanges globally by both volume and open interest.
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