CryptoQuant analyst Burrakesmeci stated in an analysis article that since October 28, the buy volume of Bitcoin market takers on the Binance platform has formed a higher low.

Takers are essentially buyers who accept the best available instant prices provided by the market. The increase in this metric indicates growing investor interest and rising buying pressure.

Although the market may be overheated and currently undergoing a correction, the continued increase in taker buy volume suggests that the price of Bitcoin may rise in the coming days, Burrakesmeci stated.