According to the large transaction data in the past 12 hours, the main force had a net outflow of $28.03 million, with a total selling amount of $62.54 million, significantly higher than the buying amount of $34.5 million, showing a clear short selling trend. Especially the latest two large market price sell orders, which were executed at the prices of $96903 and $96830 respectively, totaling over $2.2 million, further suppressing market sentiment.
The current BTC price is below the EMA24 and EMA52 moving averages, with a downward slope. Coupled with the KDJ dead cross signal, the technical side also confirms the downward pressure. The trading volume has shrunk to 31.61% of the average level, indicating a strong wait-and-see sentiment in the market.
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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.