Positions are being fixed in the market.

There is an increase in the number of sell orders while the price of BTC rises.

Analytics company Kaiko analyzed order block data from 33 centralized exchanges and concluded that the volume of sell orders with liquidity equal to 2% of the market price exceeds the volume of buy orders. The imbalance between supply and demand reached $100 million.

Investors are systematically starting to dump assets and exit the market, not believing in the future prospects of the market.