In the past 12 hours, large transactions have shown that the main force has sold a total of $25.3 million, far exceeding the buy of $10.15 million, with a net outflow of $15.15 million, and a buy to sell ratio of 1:2.49. The main force has a significant intention to short. In the latest 1-hour cycle, there have been multiple large market sell orders exceeding $1 million, indicating a continuous increase in selling pressure. Combined with the current MACD running below the zero axis, RSI has fallen below the 50 line, further confirming the downward trend.
In addition, the price has fallen below the support of the EMA24 and EMA52 moving averages, trading volume continues to shrink, market activity is sluggish, and downside risks have intensified.
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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.
