Oksana Koneva

Bitcoin sell pressure overtakes buy, Joao Wedson notes

Bitcoin sell pressure overtakes buy, Joao Wedson notes
Bitcoin bearish pressure returns

Joao Wedson highlights that Bitcoin’s buy and sell pressure delta has turned negative once again, indicating that bearish sentiment currently dominates the market.

The development raises questions about how long bears can sustain this momentum and whether they can truly discourage bullish participants.

Earlier this month, Wedson examined whether Bitcoin’s long-standing cost basis signal would retain its reliability in the latest environment, as detailed in this analysis. He previously observed Bitcoin’s price recovery, noting that momentum remained limited with a multi-timeframe signal at just +0.06, according to recent commentary. These developments provide context for the current negative buy and sell pressure delta.

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