According to the data of major single orders in the past 12 hours, the turnover of major sell orders reached $279 million, far exceeding buy orders by $136 million, with a net outflow of $143 million and a buy to sell ratio of 1:2.05. The major players showed a clear willingness to short. Especially the two large selling orders of tens of millions of dollars at 23:50 and 01:58 have significantly suppressed the market. Combining with the 1-hour cycle K-line, although the current EMA24/52 moving average is stable, the KDJ dead cross signal and the main selling pressure form a double bearish verification.
The price is at a key support level and may further decline in the near future, with the main trend determining the direction. Open a membership, grasp the real-time trading dynamics of the main force, and predict the market ahead of time!
The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
