Analyst: Selling pressure on derivatives is increasing, Bitcoin remains around $77,000

CryptoQuant certified analyst Axel Adler Jr. stated that in the past 24 hours, the price of Bitcoin has slightly increased by 0.4%, but selling pressure in the derivatives market has significantly intensified. The Bitcoin derivatives pressure index has dropped from -25.36 to -60.8, remaining below zero since September 6, indicating that sellers still dominate.

Meanwhile, Coinbase continues to trade at a discount relative to Binance, with the latest Coinbase premium index at -0.0455%, a 48-hour average of -0.0323%, and further weakening in the past 24 hours.