According to PRO's "Large Transaction" tracking, from 12:45 to 14:00 today, Binance BTC/USDT spot saw two consecutive main concentrated sales, with amounts of $10.12 million and $6.36 million respectively, totaling $16.48 million, with an average selling price of $59575.06.
Subsequently, BTC fell under pressure and retraced to the main buying range of $59300~$59000 mentioned in the previous news.
Special attention should be paid to the fact that Binance BTC/USDT spot trading has not yet seen significant buying activity, indicating that selling pressure is still present.
At the same time, there are still about $109 million of main pending orders below Binance BTC/USDT perpetual. The next two key points are:
1. Has the main spot market stopped shipping;
2. Should we continue to undertake large pending orders under the contract.
The PRO version of K-line can track the real-time changes in the main trading and pending orders, and determine whether it is a true undertaking or a pending order inducement.
Don't wait for the K-line to come out before reacting. Open PRO and see the main movements in advance.