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Recently watching BTC's trend, there are some details on the four-hour chart worth noting. The bullish volume has noticeably shrunk by half, which is somewhat related to Wall Street's working hours. However, the US stock market had already declined earlier, which is quite interesting. The bearish volume is also very weak, seeming to be accumulating, waiting for what?
Looking at the order book, the accumulated sell orders are roughly close to the $100 million volume on December 9th last year, which is a meaningful benchmark. What's more interesting is the movement of ETF institutions—yesterday's net inflow was $843 million, which has been the second consecutive day with net inflows above $700 million.
Usually, when such situations occur, large institutions tend to gradually exit at high levels. So, based on these signals, a correction wave is highly likely to occur next. Everyone can pay more attention to this.