Data from the past 12 hours shows that the main force sold large orders with a turnover of $113 million, far exceeding the $71.14 million for buying large orders. The main force had a net outflow of $41.58 million, with a buy to sell ratio of 1: 1.58, indicating a clear willingness to short among the main force. Especially at 17:50, a huge sell order of $17.67 million appeared in the Binance contract, further exacerbating downward pressure.
On a technical level, the 1-hour cycle K-line forms a top split and KDJ dead cross, double verifying bearish signals. Meanwhile, the continuous decline in trading volume and sluggish market activity have further strengthened the expectation of a pullback.
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The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
