$BTC Eitcha, my father! Check out this analysis that just came in on WhatsApp, you see? It looks like most people are more into selling than buying Bitcoin, and it's not a small talk either!
The cash flow is looking like the Santa Cruz team lately: just going down! The total balance, which combines large, medium, and small orders, is showing a negative balance of about 833.6778 BTC. It's a tough situation!
The big order crowd sent a message: they sold 2,147.3081 BTC and bought 1,534.5873 BTC, leaving a negative balance of 612.7208 BTC.
The medium order crowd didn't hold back either: they sold 2,349.4150 BTC and bought 2,252.3717 BTC, with a negative balance of 97.0433 BTC.
And the small order crowd also joined the dance: they sold 1,586.2342 BTC and bought 1,462.3206 BTC, leaving the account with a negative balance of 123.9136 BTC.
Yeah, my friend... The selling percentage is really beating the buying one. In the chart, you can see the red bar growing just like the belly of someone who ate a hearty meal on Sunday lunch. But that's how it is, right? The market is like that. Today there's a bunch of people selling, tomorrow maybe people will get excited and start buying again. It’s the so-called "accordion effect" of Bitcoin, you see! And we're here, just in agony, hoping it works out.
Oh, and don't rush, okay? If the market is falling, it could be an opportunity for those brave enough to buy at the low. But if you're scared, it's better to just watch, or else... I don't know, go have some bean soup, you'll enjoy it more!
#Bitcoin #MarketAnalysis #BinanceSquare #Cryptocurrencies
What did you think of the analysis, my friend? Leave it in the comments if you're also more into selling or buying!
