Major orders reveal short-term bearish pressure on BTC
In the past 12 hours, the main force has sold large orders with a cumulative turnover of $402 million, far exceeding the buying large orders by $192 million, and the net outflow has reached $210 million, indicating that the main force is clearly short selling. Especially during the period of 05:06-06:10, there was a continuous sell-off of over $114 million, which directly suppressed the upward space of prices and caused heavy selling pressure from the main force. The current 1-hour cycle K-line forms an upper hanging line and a flat top pattern, while the MACD bar chart continues to contract, indicating an increase in downward momentum. Although the price is still above the EMA moving average, the main action has already warned in advance of the risk of a reversal. Take the lead in grasping the main trend, and the main large order indicators help you understand the opportunities ahead! 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.
