Net taker volume was averaging -$489M at the peak. It’s now around -$51M. That’s a near 10x drop in aggressive selling.
Sellers are still slightly in control, but the intensity is gone. And that matters, because futures flows are what usually push price around in the short term.
Zoom out and the timing fits. Since this unwind started, $BTC stopped cascading lower and price action stabilized.
We’re not back to positive net taker volume yet.
But if this flips green, that’s typically when momentum changes fast.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BITCOIN FUTURES SELLERS JUST BACKED OFF -- HARD
Futures selling pressure has collapsed.
Net taker volume was averaging -$489M at the peak. It’s now around -$51M. That’s a near 10x drop in aggressive selling.
Sellers are still slightly in control, but the intensity is gone. And that matters, because futures flows are what usually push price around in the short term.
Zoom out and the timing fits. Since this unwind started, $BTC stopped cascading lower and price action stabilized.
We’re not back to positive net taker volume yet.
But if this flips green, that’s typically when momentum changes fast.