Is the $222 million sell order eaten up and BTC bears unable to hit it?
PRO's "Main Large Order Tracking" shows that the large orders for Binance BTC/USDT perpetual main limit sales in the morning have been completed, totaling $222 million. Under normal circumstances, after such sell orders are executed, the price is easily suppressed. However, based on the data of "large transactions", it was found that when limit sell orders were executed, the counterparty actively took orders worth 163 million US dollars, and the active funds maintained a net inflow. That is to say, the current market situation is: bears are selling while bulls are taking orders, and prices have not been suppressed temporarily. This is also where ordinary candlesticks are prone to misreading: you see large sell orders in the market, while PRO sees whether sell orders have been eaten up by active buying. Next, we will focus on whether BTC can stand in the pressure zone of EMA55 and EMA89 with a 45 minute custom cycle. Only by standing up can there be a chance for a rebound to continue; If you can't eat, be alert to rising and falling. Open PRO to view major orders, active funds, and key pressure levels in real time, don't just rely on candlesticks to guess direction. The data is for reference only and does not constitute any investment advice.
