ChainCatcher report: CryptoQuant analyst Axel Adler Jr. noted that over the past 24 hours, Bitcoin rose from $76,300 to $77,400. The Bitcoin liquidation pressure oscillator increased from +0.48 to +54.52, indicating that short liquidations dominated; meanwhile, the active order flow pressure oscillator rose from -1.88 to +0.86, suggesting that buying pressure temporarily exceeded selling pressure. However, this indicator remained positive for only about four hours, and the buyers' advantage has not yet been firmly confirmed. If the indicator falls back below zero and long liquidations increase, price may face renewed downward pressure.
Bitcoin rises to $77,400 as short liquidations create a temporary buyer advantage.
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Summary
Bitcoin rose to $77,400 within 24 hours, with short liquidations enhancing the risk-to-reward ratio for buyers. The liquidation pressure oscillator surged to +54.52, while active order pressure shifted to +0.86, indicating temporary buyer dominance. However, the upward trend lasted only four hours. A drop below zero could trigger long liquidations and retest key support and resistance levels.
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