Sell Pressure is Fizzling Out

BTC buy/sell walls are going neutral. What are these walls, you ask? It’s simple. These are just the difference between the buy and sell volumes on all exchanges, spot and futures included. Strong sell walls mean heavy sell pressure, and vice versa for buy walls.

Looks like the sell pressure is about to dry up.

What’s really interesting is the data from the last cycle. After the first peak, those sell walls went through the roof (or to abyss, if you look at the chart lol)

Source: #Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls. - @ki_young_ju

https://x.com/ki_young_ju/status/1845735345461297613

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