Selling pressure is still overwhelming buying pressure. The 14-day moving Medium (14-day SMA) of the current total loss level has reached $479 million per day, approximately 140% higher than the $200 million per day baseline, reflecting a group of investors rushing to sell off their positions. => When this indicator consistently drops below $200 million per day, it will be strong confirmation on the blockchain that selling pressure is drying up and the market is truly shifting to a healthier demand mode. Source: Glassnode
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