The delta between the buy/sell taker volume in the market reveals a scenario of predominant selling pressure.
The indicator reached levels similar to those recorded in July 2024, signaling unfavorable market behavior for buyers.
These movements reflect an increase in the activity of sellers in the market, which may indicate uncertainty, possible profit-taking by investors or mass liquidations.
In the last week, approximately $430 million in long positions were liquidated, indicating an aggressive reaction on the part of sellers, causing short-term selling pressure to increase.
These events are often associated with high volatility, stop-losses and excessive leverage by traders in the futures market.
It is the 4th highest peak of 2024 in liquidations. During the other periods of the year mass liquidations resulted in important funds for the price.
This volume of liquidations represents a significant redistribution of capital in the market, causing a temporary reversal or a period of consolidation, especially after strong rises in Bitcoin's price.
However, the maintenance of this selling trend could negatively impact the price in the short term, defensive strategies and continuous monitoring of the market are recommended to avoid excessive exposure at this time of dominant selling pressure.
Written by G a a h
