In the past 12 hours, the main force sold large orders with a transaction volume of $166 million, far exceeding the purchase large order transaction volume of $80.35 million, with a net outflow of $85.53 million, and a buy to sell ratio of 1:2.06. Among them, the maximum single hit amount was as high as $42.85 million, directly suppressing BTC prices to run below the EMA24 and EMA52 moving averages, indicating a clear bearish trend.
Although there are signs of support for the current K-line forming a flat bottomed pattern, the MACD bar chart continues to shrink, and the downward momentum is still strengthening. We need to be alert to further downward pressure from the main force.
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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.
