Analyst: Bitcoin rebounds to $77,400, short position liquidations drive buyers to temporarily gain an advantage
chaincatcherCryptoQuant analyst Axel Adler Jr. stated that in the past 24 hours, Bitcoin rose from $76,300 to $77,400. The Bitcoin liquidation pressure oscillator increased from +0.48 to +54.52, indicating that short liquidations are dominant; the active order pressure oscillator rose from -1.88 to +0.86, showing that market buying temporarily exceeded selling.However, this positive indicator lasted only about 4 hours, and the buyer's advantage has not been fully confirmed. If the indicator falls back below zero and long liquidations increase, the price may come under pressure again.
This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.