Summary
- It reported that Bitcoin (BTC)'s selling pressure has decreased.
- Analyst Ali Martinez stated that the Bitcoin selling-side risk ratio has fallen below 0.1.
- It said Bitcoin is trading on the Binance USDT market at 115,503 dollars, up 0.56% from 24 hours ago.
An analysis said that selling pressure on Bitcoin (BTC) has decreased.
On the 16th (local time), virtual asset (cryptocurrency) analyst Ali Martinez said, "The downside risk ratio for Bitcoin's selling side has fallen below 0.1," adding, "This means that Bitcoin's selling pressure has significantly decreased."
As of 7:05 PM, based on the Binance USDT market, Bitcoin is trading at 115,503 dollars, up 0.56% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
