All-time Short Volume is larger by: $2.49B Vs Long: $852M Weekly: Long: $708M Vs Short: $687M Daily: Long: $482M Short: $280M
From this, we can conclude that in the long run, BTC is still under significant selling pressure. For the short term, there has indeed been some long volume coming in, but it’s still not strong enough, so prices continue to fluctuate.