According to the large transaction data in the past 12 hours, the net outflow of the main force reached $204.2 million, and the total selling amount reached $34.66 million, which is 2.43 times the total buying amount, indicating a clear intention to short. The latest three large market price sell orders are concentrated in the range of $90160- $90198, further suppressing the potential for price rebound.
Combined with the 2-hour cycle K-line, the price has fallen below the support of the EMA24/52 moving average, and a dual bearish pattern of flat top and top split has emerged, verifying the downward pressure brought by large sell orders. The market trading volume has shrunk to 24% of the average level, indicating that selling pressure may continue to expand.
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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.