Ethereum futures show buy-side shift as net taker volume turns positive

Ether derivatives data point to a structural shift: Ethereum’s Net Taker Volume has turned positive after nearly three years of sell-side dominance, a move that may signal renewed interest from futures traders. Net Taker Volume registered roughly $390 million in positive imbalance since Jan.

6, the largest buy-side dominance since January 2023. The metric tracks whether traders are aggressively buying at market prices or selling into bids; a positive reading is taken as longer-term trader conviction. Since 2020, strong positive flips in Net Taker Volume have tended to align with range bottoms or early-stage uptrends and, in past cycles, have preceded multi-week trend expansions.

Data from CryptoQuant showed that while ETH traded near $3,000, cumulative volume delta (CVD) was negative at -3,676 ETH on Jan. 19, indicating short-term selling even as the 30-day correlation between price and CVD remained near 0.62. The divergence suggests a corrective phase with short-term traders taking profits and larger participants gradually repositioning, keeping ETH above the $3,000 support.

Cointelegraph noted ETH has reverted to a five-month point of control between $3,050 and $3,140, and Hyblock data showed about $540 million in net long positions near $3,100 with another $500 million liquidity cluster below $3,000, implying price may continue to fluctuate as liquidity rebalances.

Key Topics

Crypto, Ethereum, Net Taker Volume, Cumulative Volume Delta, Cryptoquant, Hyblock