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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

$84,180.77

-0.81%

$84,180.77

-0.81%

(24s)

24h Volume

$13,039,976,715.62

24h H/L

$84,978.15 / $83,183.00

Change: $1,795.15 (2.16%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,159.94

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,179.33

Price$84,159.94

Support 1$84,021.79

Support 2$81,602.20

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.5

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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