In the past 12 hours, the main large order data showed a buying transaction of $232 million, a selling transaction of $276 million, and a net outflow of $44.19 million, with a buy to sell ratio of 1:1.19. The main force showed a clear tendency to short. Especially the large sell order at the price of $117500 for Binance contract in the early hours of the morning, with a total amount of $227.4 million, further confirms the concentrated release of selling pressure. Although the current price is above the moving averages of EMA24 and EMA52, the trading volume has significantly shrunk, and the MACD dead cross combined with the bar chart has weakened momentum, indicating weak upward momentum and insufficient bullish commitment.
Indicator recommendation: Open membership, grasp the main trends, accurately capture large order signals, and take the lead in layout!
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.