Sellers' pressure continues despite the rebound of Bitcoin to $32
Based on the on-chain data, the big selling on Bitcoin is still continuing. You can see this on the indicator at the bottom of the chart. The rising red line indicates big sales at the exchanges
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1252" height="607" />)
⚡️What this could mean:
1. retail traders are still scared despite Bitcoin's price rebound and continue to sell.
2. Bitcoin is close to the end of bearish trend. This can be identified by data from previous years (red zones)
In 2018, 2020, 2021 it marked the bottom
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