According to the data of major single orders in the past 12 hours, the buying transaction volume reached as high as $516 million, far exceeding the selling transaction volume of $213 million. The main net inflow was $303 million, with a buying to selling ratio of 2.42:1, showing a strong willingness to go long. Especially last night, the Binance contract saw a series of super large buy orders, with the maximum single transaction amount reaching $87.68 million, and the price remained stable above $93000, indicating that the main force is actively laying out.
Based on the technical aspect, the current price is above the EMA24/52 moving average, with an upward trend in the medium to long term. Combined with the KDJ golden cross and red three soldier pattern, it further verifies the upward potential. Although the trading volume has shrunk in the short term, the mid-term activity has increased, indicating that it is ready to take off.
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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.
