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Analysis: Bitcoin selling pressure reappears, with short-term selling pressure reaching the strongest since December 23.
ChainCatcher reports that analyst Maartunn states that Bitcoin Net Taker trading volume (25-hour moving average) has reached -$19 million, the strongest selling pressure since December 23, indicating that the short-term market is dominated by sellers.
Note: “Net Taker trading volume” measures the difference between market buy and sell orders. A negative value reflects aggressive sellers controlling the situation and is often used to gauge short-term market sentiment.