Selling Pressure in Bitcoin Is Decreasing: Price May Find Support Again

Recently, the fluctuations in Bitcoin prices continue to attract the attention of investors. The rapid decrease in selling pressure observed in Bitcoin (BTC) derivative markets emerges as a promising development, indicating that the market may revive.

Analysts from the crypto data platform CryptoQuant emphasize significant changes in the derivative markets despite Bitcoin's recent decline. According to the analysts, the reduction in selling pressure increases Bitcoin's potential to gain value in the medium term. The balancing of selling volumes with buying orders suggests that the derivative markets are becoming healthier. The increase in net taker volume from a level of -400 million dollars to nearly neutral in recent weeks supports this situation.

While evaluating this situation, a CryptoQuant analyst points to a similar correction experienced in April. During that period, the reduction in selling pressure played a significant role in transforming Bitcoin's price movements. We are now facing a similar scenario, and this situation signals that Bitcoin's upward trend might regain momentum.

However, the analyst warns investors not to be overly optimistic. If the net taker volume transitions to positive territory too quickly, it could lead to imbalances in the short term. Therefore, it is crucial for investors to be cautious and monitor such movements closely.

In summary, the decreasing selling pressure in Bitcoin's derivative markets stands out as a positive development for investors. However, it is emphasized that the acceleration of this transformation could pose a risk of sudden volatility, necessitating caution.