Bitcoin is experiencing panic-driven sell-offs, raising concerns about a potential price crash.
An analysis conducted by CryptoQuant revealed that Bitcoin's sell volume in the derivatives market has increased by nearly $1.8 billion, reflecting strong sell orders amid rising tensions between the United States and Iran. Notably, the derivatives pressure index dropped sharply from 30% to 18% amidst this development, indicating a shift toward a strong bearish trend.
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Bitcoin is experiencing panic-driven sell-offs, raising concerns about a potential price crash.
An analysis conducted by CryptoQuant revealed that Bitcoin's sell volume in the derivatives market has increased by nearly $1.8 billion, reflecting strong sell orders amid rising tensions between the United States and Iran. Notably, the derivatives pressure index dropped sharply from 30% to 18% amidst this development, indicating a shift toward a strong bearish trend.