In the past 12 hours, large transactions have shown that the main funds are clearly inclined towards selling, with a cumulative selling of $52 million and a net outflow of up to $2.653 million, with a buying to selling ratio of 1:2.04. Especially last night, there were three consecutive large market price sell orders exceeding $4 million, which directly suppressed the upward movement of prices. Considering the current extreme decline in trading volume and weak market buying, the downward trend may continue in the short term.
The technical outlook is also not optimistic, with prices continuing to run below the EMA24 and EMA52 moving averages in a 2-hour cycle, and although MACD is showing a golden cross, the upward momentum is weak. The large transaction indicator reveals the main trend ahead of time, helping you lock in profit opportunities in advance!
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
