Axel Adler Jr.: Bitcoin derivative selling pressure increases, buyer advantage not confirmed

CryptoQuant certified analyst Axel Adler Jr. stated that in the past 24 hours, the selling pressure in the BTC derivatives market has increased, with BTC prices rising by about 0.4% but lacking confirmation of buying. The BTC derivative pressure index decreased from -25.36 to -60.80, with sellers dominating. Coinbase remains in a discounted state compared to Binance, with a premium index of -0.0455% and a 48 hour average of -0.0323%. If negative pressure persists, BTC faces the risk of decline.