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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

$79,862.00

+0.43%

$79,862.00

+0.43%

(24s)

24h Volume

$6,540,319,360.05

24h H/L

$79,877.07 / $79,383.00

Change: $494.07 (0.62%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

-0.0027%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,732.35

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,732.35

Support 1$79,635.96

Support 2$76,174.33

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

CryptoSlate Editorial

(04:25 PM UTC)

1 min read

Approved byMichael Roberts

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…

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Source

CryptoSlate Editorial · CryptoSlate

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