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According to the latest report from the on-chain data analysis platform CryptoQuant, the Bitcoin 30-day Moving Averages buy/sell ratio has fallen to its lowest level since May 2018.
Analyst CryptoOnchain warns that a significant decline in this indicator could bring short-term selling pressure to the Bitcoin market. This situation suggests that a cautious stance is spreading among investors, and attention is focused on market trends.
The decline of this indicator may reflect a weakening of buying demand in the Bitcoin market. However, considering the volatility of the cryptocurrency market, the situation could change rapidly, so investors will need to continue to carefully observe the market.
Additionally, since cryptocurrency transactions involve risks, it is important to conduct thorough research and act under your own responsibility when making investment decisions.