According to the data of major single orders in the past 12 hours, the total transaction volume of sell orders reached $157 million, far exceeding buy orders by $59.81 million. The net outflow of major orders was $97.23 million, showing a clear willingness to short. Especially the Binance contract sold large orders continuously in the early morning and early trading hours, with the largest single sale reaching $26.9 million, further suppressing the upward space of the price. Combining with the current 1-hour cycle K-line, the MACD bar chart continuously shrinks, and the downward momentum increases, resonating with the main behavior.
In addition, although the price is above the EMA24/52 moving average, EMA24 has already surpassed EMA52, and the medium - to long-term trend is beginning to shift. The confirmation of short-term top risk in the top classification pattern requires vigilance against further pullbacks.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.