The RSI is its peak at 79.6 during the assembly, indicating extreme excessive conditions. Since then, the RSI has decreased to about 64.93, is still optimistic, but indicates the slowdown of the buyer.
In addition, while Bitcoin Futures Open Foundation (OI) achieved record levels and financing rates decreased along with the price, the permanent cumulative delta volume decreased by 43 %, and decreased from 425 million dollars to $ 608 million. This decrease highlights high pressure on the sale side, indicating that merchants have become more cautious.
“The continuous decrease in cardiovascular diseases reflects the emotional feelings, and highlights the dominant pressure on the sale side in the future Bitcoin market,” Glassnode noted.
