According to the 2-hour cycle display, the main selling volume in the past 12 hours reached $575 million, far exceeding the buying volume of $336 million, with a net outflow of $239 million and a buy to sell ratio of 1: 1.71. The main force showed a clear willingness to short. Combined with the two large selling transactions of over $30 million in Binance contracts last night, bearish pressure has further intensified.
At the same time, the KDJ indicator has a dead cross and is in the overbought area. Although the price is above EMA24/52, the short-term average has shrunk by 47%, and trading activity has significantly decreased. The technical and main capital flows both point to the risk of a pullback.
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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.
