Analyst: Binance Derivatives Market Maker Buy/Sell Ratio has returned to the neutral zone, indicating a warming bullish sentiment

On April 16th, CryptoQuant analyst DarkFost reported that based on Binance's on-chain long/short ratio, it appears that Binance longs are returning to the derivatives market. The on-chain long/short ratio reflects the dominance of longs and shorts in trading volume: - When the ratio is greater than 1, it indicates that buyers (longs) are in the dominant position. - When the ratio is less than 1, sellers (shorts) are in the dominant position. Since the beginning of 2025, Binance's 30-day EMA ratio has been below 1, suggesting sustained bearish pressure. However, as of today, this ratio has rebounded to the neutral zone. Additionally, in the past few days, the ratio has been mostly positive, indicating that the bullish sentiment in the Binance derivatives market is once again picking up.