Bulls Back Down as Long Liquidations and Deposit Spikes Signal Trouble Ahead!

The post Bulls Back Down as Long Liquidations and Deposit Spikes Signal Trouble Ahead! appeared first on Coinpedia Fintech News

Following a $27M short liquidation, briefly hinting at bullish control, the market faces a reversal as long liquidations climb to nearly $20M. Furthermore, a 136.04% jump in net deposits on exchanges over the last 24 hours, exceeding the weekly average, suggests a shift in trader sentiment. This sudden movement indicates that investors are preparing to sell, increasing market supply. Such movements typically increase selling pressure, potentially leading to a significant pullback as the market absorbs the surge in available Bitcoin.