Bitcoin on the Defensive Line

According to the data on the chart, the current outlook requires caution in the short term. Looking at the past, most of the red dots on the chart have appeared after price peaks or interim tops, and then downward movements accelerated. This suggests that whales view the rallies as selling opportunities.
Institutional Netflow is weakening. This strengthens the possibility of #BTC transfers to exchanges and preparation for selling.
OTC buying liquidity is not as strong as before. Recently, buying volumes have notably decreased. This could mean that strong institutional demand that would reduce selling pressure has weakened. In the current picture, a strong new accumulation signal does not yet appear to have formed. Therefore, it may be too early to say that the decline has ended.
In summary, whales are pursuing a sales-oriented path in #Bitcoin. Institutional net inflows are weakening. Strong buyer support on the OTC side has decreased compared to before. Therefore, the probability of continued downward pressure in the short term appears high. When this indicator is evaluated alone, the market still exhibits defensive and risk-averse behavior.
@ForeDex_Global :
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