Habibies! Do you know? When I first looked at this flow, it didn’t feel like selling pressure, it felt like something quieter building underneath.
On the surface, the numbers lean bearish. Total outflow sits at about 9.71M, with sells at 186.19M slightly outweighing buys at 176.48M. That gap matters because it tells you demand isn’t fully absorbing supply.
Large orders alone show a negative flow near 936K, which usually hints that bigger players aren’t stepping in aggressively yet.
But then you look closer and the texture shifts. Small orders are almost balanced, 103.20M buys versus 103.98M sells. That’s not panic, that’s steady participation.
Meanwhile medium orders carry most of the imbalance with a 7.99M outflow, suggesting this pressure isn’t retail driven, it’s coming from more calculated positioning.
Understanding that helps explain why price often feels heavy even without sharp drops. Liquidity is there, just not confident enough to flip direction.
If this holds, it points to a market that isn’t breaking down, just waiting for conviction to return.
