According to the data of major single orders in the past 12 hours, the total transaction volume of sell orders reached $402 million, far exceeding the $264 million of buy orders. The net outflow of major orders was $138 million, indicating a clear willingness to short. Especially last night, there were multiple large selling orders exceeding $30 million in Binance contracts, which suppressed the upward potential of prices. Although BTC is currently above the EMA24/52 moving average, its trading volume is extremely shrinking, market activity has significantly decreased, and there is insufficient upward momentum.
Combining the K-line pattern and indicators, a bald and barefoot bullish candlestick appears in the 1-hour cycle, seemingly strong, but the J-value has become extremely overbought. Coupled with the convergence of the KDJ indicator, the risk of a pullback is significant. The main large orders accurately reveal the trend of funds and identify the turning point of the trend in advance!
Open membership, track major orders, seize opportunities, and seize the initiative in the market!
The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
