🚨 Traders Exit Longs as Market Dips! 📉😱
🤖 AI Summary
📰 According to BlockBeats, CryptoQuant analyst Axel revealed on social media that traders have been closing long positions since July 31.
💥 In the past 24 hours, the futures market saw heavy selling pressure! When prices hit a local low of $112,000, the 6-hour net order volume plunged to -💲175M, showing intense bearish vibes 🐻.
📊 As the market stabilized a bit, that pressure eased to -💲78M — shrinking the gap by 2.2x 📉. But the market still leans bearish overall ⚠️.
📈 Meanwhile, open interest climbed to $3.04B 🚀, with sellers piling in to ride the bearish wave 🌊.
🔥 Market Mood? Bears are in control — for now! 🐻💪
#CryptoNews #FuturesMarket #BearishTrend #CryptoUpdate #MarketWatch
