Bitcoin Order Book Imbalance Hits New Low Since May 2018, If the Trend Continues, It May Lead to a Significant Market Correction
BlockBeats News, August 27th, Cryptocurrency market analysis firm CryptoOnchain posted on social media that the 30-day moving average of Bitcoin's Taker Buy/Sell Ratio has dropped to the lowest level since May 2018, even lower than the bear market bottom in November 2021.
This indicates that with the weakening buying momentum, the market is experiencing significant selling pressure, suggesting a potential short-term price decline. Despite the rise in Bitcoin's price, the continued downward trend of this ratio indicates that the growth is unsustainable. If this trend persists, we may see a significant market correction or a prolonged downward trend in prices.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.
Kalshi has completed a $1 billion funding round at a $1.1 billion valuation
Coinbob has launched an on-chain address monitoring and copying tool for the Pacifica chain, allowing users to synchronize and earn Pacifica token rewards.
OpenMind is pleased to announce a partnership with Circle to build AI-powered payment infrastructure.
Circle announces Foundation, initial phase aims to enhance financial resilience of small businesses in the U.S.
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]