Selling Pressure Approaching? CryptoOnchain Exposes Dangerous Signals for BTC!
Bitcoin Selling Pressure Hits 6-Year High
According to data from CryptoOnchain , Bitcoin’s 30-day average Taker Buy/Sell Ratio just fell to its lowest level since May 2018.
This is an index that measures the ratio of buy orders to sell orders matched on exchanges. A sharp decline in the ratio shows that buying power is weakening, while selling pressure dominates.
Experts warn this could signal a risky short-term period for Bitcoin.
Causes of macroeconomic and policy instability
The report suggests that the decline in the ratio stems from increased market volatility in recent weeks.
Key factors include the US Federal Reserve's (Fed) interest rate policy , the unclear legal situation regarding cryptocurrencies, and investors' cautious sentiment towards risks.
Additionally, Bitcoin’s drop below $110,000 coupled with strong price volatility further reinforced concerns about increased selling pressure.
Investors need cautious strategy
However, analysts say this index is not enough to change Bitcoin's long-term trend , but it is an important reminder for investors to act more cautiously in the short term.
CryptoOnchain recommends:
“Investors should build their strategies based on close monitoring of market depth, liquidity and macroeconomic data.”