According to the statistics of major single orders in the past 12 hours, the sales volume of sell orders reached as high as $190 million, with a net outflow of $162 million and a buy to sell ratio of 1: 6.92. The main players showed a clear willingness to short. Especially in the range of $85300- $85600, multiple major selling orders exceeding tens of millions of dollars have emerged, suppressing price increases. The current 1-hour cycle K-line forms a flat top shape, with a decrease in MACD bar chart, further verifying the enhanced downward momentum.
Although BTC is above the EMA moving average, the main funds continue to flow out, raising concerns about the risk of a pullback.
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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.
