Data from the past 12 hours shows that the main selling orders have accumulated a total transaction volume of $348 million, far exceeding the $106 million of buying orders, with a net outflow of $242 million. The main selling intention is obvious. Especially at 17:38 and 18:05, there were consecutive major selling orders exceeding $30 million, further suppressing the upward potential of prices. Although the current trading volume has surged by 442.94%, it is mostly due to the selling pressure of the main force, and we need to be alert to the risk of a pullback.
Although MACD is showing a golden cross, the J value is extremely overbought, and the technical side also suggests the possibility of a pullback. Combined with the main large order data, the top pressure is becoming increasingly evident.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
