Growing bearish pressure

Growing bearish pressure

Supporting this sell-off narrative Net Taker Volume, which has now turned sharply negative, plunging below -$60 million, at press time.

This indicates that sellers are increasingly dominating the market, with market takers either closing long positions or initiating shorts.

Even with Bitcoin trading near its highs, active traders remain bearish, reflecting fears of a potential correction and doubts about the rally’s strength.

This behavior highlights retail investors’ hesitation and a lack of confidence in Bitcoin’s current upward momentum.