😁 Currently, the BTC is facing strong selling pressure according to data from CryptoQuant
- Bitcoin is facing increased selling pressure due to negative net receiving volume on Binance's derivative instruments.
- Additionally, there are over 400 million USD $BTC in deposits from whales for spot exchange signaling increased distribution risk.
- Historically, these signs often occur before price distribution on BTC.
BTC may have regained the 90,000 mark today, but the above signs still indicate a very large potential selling pressure!
‼️ So please be as careful with BTC as possible at this time, everyone (This article is for reference and is not investment advice).
- Bitcoin is facing increased selling pressure due to negative net receiving volume on Binance's derivative instruments.
- Additionally, there are over 400 million USD $BTC in deposits from whales for spot exchange signaling increased distribution risk.
- Historically, these signs often occur before price distribution on BTC.
BTC may have regained the 90,000 mark today, but the above signs still indicate a very large potential selling pressure!
‼️ So please be as careful with BTC as possible at this time, everyone (This article is for reference and is not investment advice).
