phaver

" #BTCFutures market selling increases, selling pressure increases" 

The current #Bitcoin market price buy/sell ratio (30-day average) metric shows selling pressure prevailing. The metric shows a similar value to July 2024 and suggests an unfavorable situation for the buyer. The move reflects an increase in seller activity, which may lead to increased market uncertainty and mass liquidation. 

Last week, a long position of about $430 million was liquidated, an aggressive reaction from sellers, increasing short-term selling pressure. It also carries volatility due to stop-loss tightening and traders' overleverage in the futures market. 

November's sharp increase in market buying was the fourth-highest level this year. On the other hand, when a large long position is liquidated, it also provides an opportunity for new funds to flow in. That is, a large liquidation creates a redistribution of capital, which tends to create temporary adjustments after the rise.