CoinScoopAnalyst: Bitcoin holds near $77,000 despite rising derivatives selling pressure
According to CryptoQuant analyst Axel Adler Jr., Bitcoin's price rose slightly by 0.4% over the past 24 hours, but selling pressure in the derivatives market has intensified. The Bitcoin derivatives pressure index dropped from -25.36 to -60.8, remaining below zero since September 6, indicating continued dominance by sellers. Additionally, the Coinbase premium index remains negative, showing further weakness.
Summaries are written by AI from the original article. Not investment advice.