Analyst: Bitcoin fell 1.5% in two days, with sellers dominating the market

CryptoQuant analyst Axel Adler Jr. stated that in the past two days, the pressure from active buy and sell orders for Bitcoin has shifted to the sell side, with the price dropping from $79,900 to $78,700. Open interest has increased as prices fell, indicating that new positions are driving this trend.

Data shows that the Bitcoin active order pressure oscillator is at +3.82, then fell below zero and remained in negative territory for 46 hours, with the latest reading at -3.19. Although selling pressure has eased from the phase low of -5.28, bulls have not yet regained control. The short-term outlook remains bearish, and a signal for improvement would be the oscillator consistently returning above the zero axis, accompanied by a price stabilization.