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via CryptoSlate · By CryptoSlate Editorial

Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

BTC

BTC/USDT

$62,618.80

-2.75%

$62,618.80

-2.75%

(24s)

24h Volume

$18,923,562,281.40

24h H/L

$64,478.00 / $62,272.07

Change: $2,205.93 (3.54%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

-0.0015%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,654.57

▼ -0.48%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,790.26

Resistance 1$62,971.83

Price$62,654.57

Support 1$61,914.37

Support 2$60,472.98

Support 3$59,130.91

Pivot (PP):$62,717.25

Trend:Downtrend

RSI (14):34.2

CryptoSlate Editorial

(04:25 PM UTC)

1 min read

Approved byMichael Roberts

796 views

0 comments

Bitcoin is enduring a multi-front assault on its spot market liquidity as exchange-traded funds, short-term speculators, and cryptocurrency miners simultaneously distribute assets.

This coordinated selling pressure has drained market demand at the fastest pace since the 2022 collapse of the Terra/Luna ecosystem.

As a result, BTC's price has tanked 12% over the past week, pushing the top crypto…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CryptoSlate Editorial · CryptoSlate

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