Recent market data reveals mounting short-term pressure on Bitcoin. A key on-chain metric, the 25-hour moving average of NetTaker volume, has dropped to -$19 million—the lowest level since December 23, 2023—indicating clear dominance by sellers in the current trading cycle.
Signals of Seller Control
A negative NetTaker value signifies that aggressive sell orders are outpacing buy-side activity, often signaling rising bearish sentiment. This recent drop to a multi-month extreme suggests investors are taking profits or exiting positions amid uncertainty.
- This metric captures real-time aggressive order flow
- Sustained negativity may increase downside risks
- Historically, similar readings have preceded short-term bottoms
Market Impact and Outlook
Despite heightened selling pressure, long-term holder behavior remains resilient. Analysts view this correction as a healthy technical pullback rather than a structural breakdown. Traders should monitor volume trends and key support levels to assess the next directional move.