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Data: Bitcoin spot selling pressure is intensifying, and the pressure to distribute chips is gradually accumulating

MeNews
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ME News Report, May 28 (UTC+8), Glassnode revealed the latest on-chain data showing that the Bitcoin spot trading volume difference (7-day moving average) has re-entered a sustained negative zone. As Bitcoin's price retreated to around $73,000, the market experienced a clear acceleration in selling pressure, with sellers continuing to dominate the spot market, and distribution pressure gradually accumulating. Recently, during Bitcoin's decline from above $80k to around $75,000, spot demand, ETF capital inflows, and volatility expectations all continued to weaken. Although market positions have been reset, investor confidence remains limited, and the overall sentiment is cautious and watchful. (Source: ChainCatcher)
BTC-1.59%
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DaoScraps
· 6h ago
Glassnode's data is quite accurate; once negative values appear, the market usually experiences a period of volatility afterward.
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GateUser-04e4dac2
· 7h ago
The 7-day moving average turns negative; historically, the fluctuations in the following weeks won't be small.
View OriginalReply0
LimitOrderAtTheCrater
· 7h ago
Volatility expectations are decreasing, indicating everyone is waiting for a direction, and no one wants to act first.
View OriginalReply0

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