According to CoinDesk, the buy sell ratio in the Bitcoin (BTC) market shows active bargain hunting activity on Kraken and Coinbase exchanges, while the average transaction size on the platform indicates that this demand comes from large traders.

According to data tracked by CCData, a digital asset research company, the average buy sell ratio (comparing the volume of buy and sell orders on Kraken and Coinbase) for this month was 250% and 123%, respectively. A ratio higher than 100% indicates that the buying volume is greater than the selling volume, indicating a net bullish pressure.

CCData research analyst Hosam Mahmoud stated that the average buy sell ratio shows greater buying pressure on Kraken and Coinbase, while the buy sell ratios on Bybit and Binance are close to parity, at 99% and 97%, respectively. He added:

Although these observations do not provide a clear conclusion, they suggest that Kraken and Coinbase have recently become preferred places for increasing holdings

The price of Bitcoin experienced a nearly 10% decline in early September, briefly falling below the $53000 level. Subsequently, Bitcoin began a wave of upward trend over the weekend and recovered from the decline. The trading price of Bitcoin before the deadline is $58250.

CCData's data also suggests that real-time or intraday traders on Bybit and Binance may be individual investors, while bottom fishing activities on Kraken and Coinbase may come from large investors. This is because the average trading size of BTC/USDT spot trading pairs on Bybit this month was $898, while on Binance it was $747, which is significantly lower than the average sizes of $2148 and $1321 on Kraken and Coinbase.

Mahmoud said, "This indicates that during this period, Kraken and Coinbase tend to attract larger scale trades, possibly from institutional or long-term investors, while Bybit and Binance seem to better meet the needs of smaller, frequent trades