According to the data of major single orders in the past 12 hours, the transaction volume of sell orders reached $122 million, far exceeding the buy order of $80.73 million. The net outflow of major orders was $41.51 million, showing a clear willingness to short. Combining with the latest 2-hour cycle K-line, although the price is above the EMA24/52 moving average, a cross star pattern has appeared, intensifying market hesitation, which is consistent with the outflow signal of main funds, suggesting that there may be significant short-term pressure.
In addition, the formation of the KDJ dead cross and the convergence of the indicators further confirmed the expectation of a weakened trend. The main behavior is often a market indicator, and it is crucial to capture the movement of funds 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.