Bitcoin may be preparing for a new drop, as on-chain data indicates sustained selling pressure. A recent report from CryptoQuant shows an increase in sales among spot and futures traders.
If this trend persists, BTC runs the risk of falling below the critical price mark of $110,000.
Bitcoin Selling Pressure Increases
According to a recently published report on CryptoQuant, Bitcoin has seen an increase in sales from both spot and futures traders, reflected in two key indicators — the Spot Taker Cumulative Volume Delta (CVD, 90 days) and the Taker Buy/Sell Ratio.
The Spot Taker CVD, which tracks whether market takers are predominantly buyers or sellers, turned red after months of buyer dominance. This shift signals renewed selling pressure, a pattern that historically precedes corrections.
BTC Spot Taker Cumulative Volume Delta. Source: CryptoQuant
This reflects a cooling of aggressive buying interest and a growing willingness among BTC spot traders to unwind positions, signaling exhaustion in the market.
Furthermore, according to the report, the BTC Taker Buy/Sell Ratio dropped to 0.91, falling below its long-term baseline of 1.0. This indicates that sell orders now consistently outweigh buy orders in the futures market for the coin.
BTC Taker Buy/Sell Ratio. Source: CryptoQuant
The taker buy-sell ratio of an asset measures the relationship between the buying and selling volumes in its futures market. Values above one indicate more buying volume than selling, while values below one suggest that more futures traders are selling their holdings.
This confirms the growing pressure from the selling side and the weakening of sentiment, which could exacerbate BTC's price declines if it continues.
Could the support at $112,000 push for a new rally?
BTC is priced at $112,906 at the time of this report, above the support floor of $111,920. If demand increases and this price floor strengthens, it could push BTC's price to $115,764. A successful break of this level could pave the way for a rally up to $118,922.
BTC Price Analysis. Source: TradingView
On the other hand, if the selling pressure increases, BTC runs the risk of falling below $111,920 and dropping to $109,267.
The article 'Bitcoin Prepares for New Drop with On-Chain Selling Alert' was first seen on BeInCrypto Brazil.
