Data from the past 12 hours shows that the main large market price sell orders reached $68.04 million, far exceeding the $23.65 million bought, with a net outflow of $4.438 million and a buy to sell ratio of 1:2.88, showing a clear short selling trend. Especially in the latest 2-hour cycle, there have been multiple large market sell orders exceeding one million, with prices rapidly falling from around $107000, confirming the signal of intensified market selling pressure.
On a technical level, the current candlestick pattern forms a flat top, combined with the KDJ dead cross and the pullback signal from overbought areas, further confirming that short-term resistance levels are under pressure and there may be a risk of a pullback.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
