In the past 12 hours, the total amount of large market sell orders reached $61.71 million, far exceeding buy orders by $36.52 million, with a net outflow of $25.18 million and a buy to sell ratio of 1: 1.69, indicating that the main funds are significantly short. Especially on April 30th at 20:36, three consecutive large market price sell orders sold a total of $159.5 million, directly pushing the price below the key support level. The current 1-hour cycle K-line shows a cross star, with trading volume shrinking to an average of 43.04%, indicating low fund activity, further confirming the downward trend.
The price is currently under pressure below the EMA24/52 moving average, with a downward trend in the medium to long term. Although the MACD bar chart has upward momentum, the KDJ indicator has converged, and the reversal signal has not yet been confirmed.
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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.
