The main funds continue to flow out, and BTC is under significant short-term pressure
In the past 12 hours, the large transaction indicator showed a net outflow of $1.19 million from the main fund, all of which were large market sell orders, with the largest single transaction reaching $1.19 million, indicating that the main fund is accelerating its exit. Considering the current surge in trading volume of 132.75%, but the price has fallen below the key support level of $90000, market panic has intensified. On a technical level, the KDJ dead cross combined with the EMA24/52 moving average further confirms the downward trend. The price is below the short-term moving average, and selling pressure still exists. We need to be vigilant about the risk of further pullback. Open a membership, grasp the main trends, and quickly gain insights into the market! 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.
