CryptoQuant: Bitcoin Taker Buy Sell Ratio Hits 7-Year Low, May Face Short-Term Selling Pressure
ChainCatcher news, according to the latest report from the on-chain data analysis platform CryptoQuant, Bitcoin's 30-day moving average taker buy/sell ratio has dropped to its lowest level since May 2018.
Analyst CryptoOnchain warns that this significant decline in the indicator suggests that the Bitcoin market may face considerable selling pressure in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale applies to convert Sui Trust into an ETF, plans to list and trade on NYSE Arca
BitMine purchases another 22,676 ETH, worth approximately $68.67 million
Bitmine purchases 22,676 Ethereum worth $68.67 million
RootData: BB will unlock tokens worth approximately $3.03 million in one week
Trending news
MoreCrypto prices
More
