Data from the past 12 hours shows that the total transaction volume of major buying orders reached $134 million, far exceeding the $94.31 million of selling orders, with a net inflow of $39.54 million, indicating the willingness of major funds to go long. However, last night there were two large sell orders exceeding 10 million US dollars in Binance contracts, which were executed at the prices of $82350 and $82100 respectively, showing clear signs of suppression.
On a technical level, the 1-hour cycle candlestick shows a black three soldier pattern, with trading volume shrinking to 11.81% of the average level. Market selling pressure has weakened, but buying is also sluggish. The current price is below the EMA24/52 moving average, and the short-term trend is still weak.
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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.
