Home
News
Details

Bitcoin Faces Three-Year High in Selling Pressure, Traders Should Expect What Next?

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$87,762.90-0.69%
Bitcoin news reports that the cryptocurrency is facing the strongest selling pressure in three years, according to on-chain analyst Joao Wedson of Alphractal. The buy-sell pressure differential is dropping, showing aggressive selling as orders to sell far outpace buying. Holder retention is rising, suggesting stronger long-term commitment. Bitcoin analysis from Axel Adler warns that bullish positions often unwind during rallies, making it hard to sustain upward moves. Traders are advised to consider selling on strength to secure profits.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.