Main capital continues to be bearish, and BTC faces short-term correction pressure

The past 12 hours data shows that the total sell orders reached $149 million, while buy orders were only $48.73 million, with a net outflow of main funds reaching $100 million. The buy-sell ratio has reached 1:3.06, fully reflecting the pessimistic attitude of market participants. More alarmingly, two sell orders exceeding $13 million each appeared consecutively last night in the contract market of a major exchange, indicating that large-scale selling pressure is clearly suppressing market sentiment.

From a technical perspective, the outlook is also not very optimistic. On the 1-hour K-line, a top divergence pattern has already formed, and the KDJ indicator has shown a death cross signal, indicating that the risk of a short-term correction is gradually increasing. Although the price is still above the EMA24 and EMA52 moving averages, the upward momentum has already weakened significantly. It is necessary to monitor whether the price will further decline, and risk prevention measures should be taken in advance.