BTC falls below support near $64000, with concentrated short-term large sell orders released

Market data shows that BTC/USDT has fallen rapidly in the short term, currently trading at around $64076, with a 15 minute decline of about 1%. From the market perspective, after the price fell from above $65500, there were intensive large transactions in the range of $64500-63800. The main buying data showed that the selling transaction was about $44.52 million, which was about $36.8 million higher than the buying transaction, with a difference of about -77.2 million, indicating that the selling pressure in this range was clearly dominant. In terms of chip distribution, there is a relatively dense accumulation of chips around 64500-65000 US dollars, and short-term rebounds may face dual pressure from upper bound and profit taking markets; The area around $63800 below is the current close support zone. If the price continues to fall below and increase volume, it may further test the lower transaction density zone. In the short term, BTC is still in the stage of chip turnover after a decline, and we need to pay attention to whether $64500 can be recovered again. The data is for reference only and does not constitute investment advice. Register on Bitget to receive 6200U+commission rebate of 10%: https://jump.do/zh-Hans/xlink-proxy?id=6