Quick take from a fund-flow perspective: $BTW 5-minute plunge of 2.16%
To figure out who’s selling, I’d first watch for two things:
· Are there clusters of aggressive sell orders during the decline?
· Are large orders absorbing the selling after the price gets pushed lower?
For reference: 24h trading volume was $255 million, down 25.96% over 24h. If both conditions hold, it’s probably a shakeout; if only the first does, beware of further selling pressure.
#BTW
To figure out who’s selling, I’d first watch for two things:
· Are there clusters of aggressive sell orders during the decline?
· Are large orders absorbing the selling after the price gets pushed lower?
For reference: 24h trading volume was $255 million, down 25.96% over 24h. If both conditions hold, it’s probably a shakeout; if only the first does, beware of further selling pressure.
#BTW