Bitcoin's recent rally seems to be losing steam as CryptoQuant data reveals changing market dynamics. The cryptocurrency has faced resistance just below $95,000, while $91,000 has emerged as a critical support level. This behavior highlights a shift in market sentiment following a period of strong upward momentum.
Of particular note is the 30-day Taker Buy Sell Ratio indicator on Binance, which has turned negative. This suggests that sell-side pressure is increasing after weeks of robust buying, signaling a potential cooling phase in the Bitcoin market.
