The trading volume indicators on the spot market $BTC (7D SMA) have sharply decreased over the past three days, signaling increased selling pressure:
🔻Apr 27: -$30.9M
🔻Apr 28: -$76.1M
🔻Apr 29: -$193.4M
Such a persistent negative trend indicates that aggressive sellers are currently dominating the market. The weakening of spot demand may also suggest profit-taking by short-term investors, a depletion of buyers, or an early stage of trend reversal. Caution should be exercised in trades as the indicator approaches key support zones.
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