According to the large transaction data in the past 12 hours, the main force had a net outflow of $12.06 million and a total selling amount of $108 million, significantly suppressing prices. The latest three large market sell orders have been selling intensively around $101000, totaling over $3.6 million, indicating that the main force is accelerating its exit. Combined with the current 2-hour candlestick showing a bearish swallowing pattern, the divergence below the MACD zero axis further confirms the downward trend.
The price has fallen below the support of the EMA24 and EMA52 double moving averages, and the downward space may further open up. In the short term, we need to be vigilant about the risk of further pullbacks.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
