Analysis: Bitcoin Selling Pressure Reappears, Short-term Pressure Hits Strongest Level Since December 23
According to ChainCatcher, analyst Maartunn reports that Bitcoin Net Taker volume (25-hour moving average) has reached -19 million USD, marking the strongest selling pressure since December 23, indicating that the short-term market is dominated by sellers.
Note: "Net Taker volume" measures the difference between market order buys and sells. A negative value reflects that aggressive sellers are in control, and it is often used to gauge short-term market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreThe crypto market experienced overnight volatility and declined, with bitcoin falling below $71,000, and US crypto-related stocks generally dropping.
According to the latest filing disclosed by the U.S. Securities and Exchange Commission (SEC), some existing shareholders of electric aircraft manufacturer Archer Aviation Inc. plan to sell up to 5.3 million shares of the company's Class A common stock.
Crypto prices
More
