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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

$63,053.27

-0.03%

$63,053.27

-0.03%

(24s)

24h Volume

$2,467,706,812.03

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

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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