Potential sell-off pressure as significant amount of BTC appears for sale, caution advised for traders

From Cointelegraph

August 9, 2024 10:19 AM:

Bitcoin’s order book shows a notable presence of sell-side liquidity, indicating potential sell-off pressure, according to analysis.
Traders should be cautious as the current levels of sell-side liquidity in Bitcoin’s order book may disappear unexpectedly.
The sell-side liquidity in Bitcoin’s order book is high, suggesting that a sudden rush of selling pressure could lead to significant price volatility.

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