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Bitcoin selling pressure hits monthly high, Net Taker trading volume drops to -$19 million
【BlockBeats】 Recently, Bitcoin selling pressure has been quite fierce. According to trading data, Bitcoin’s Net Taker trading volume (calculated as a 25-hour moving average) has dropped to -$19 million, marking the most intense wave of selling since December 23.
In other words, the market is now completely dominated by sellers. Those aggressive dumpers are going all out, and buyers are struggling to keep up.
This Net Taker trading volume indicator is actually used to measure the comparison of buying and selling forces in the market—it calculates the difference between buy and sell orders in the order book. The more negative the number, the greater the selling pressure. The deeper the negative value, the more it proves that aggressive sellers are leading the rhythm, and the short-term market sentiment is becoming more pessimistic.
Currently, with the -$19 million figure in front of us, it looks like sellers have firmly taken the upper hand in the short term.