Before BTC fell, Binance's main spot market had sold $16.48 million
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.
