Analysis: Bitcoin derivatives selling pressure intensifies, buyer advantage not yet confirmed

BlockBeats news, September 14: CryptoQuant certified analyst Axel Adler Jr. posted that selling pressure in the BTC derivatives market has strengthened over the past 24 hours. Although BTC price rose about 0.4% during the same period, the current price resilience has not yet been confirmed by stronger buying.

Data shows that the BTC derivatives pressure index fell from -25.36 to -60.80 over the past 24 hours and has remained in negative territory since September 6. The index comprehensively considers aggressive buying and selling pressure, changes in open interest denominated in BTC, and funding rates. It currently shows that sellers are dominant, but it cannot be determined whether this is due to an increase in short positions or the closing of long positions. At the same time, Coinbase has continued to trade at a discount relative to Binance, with the latest premium index at -0.0455% and a 48-hour average of -0.0323%.

If the derivatives pressure index continues to return above 0, and Coinbase's 48-hour average premium rate turns positive again, this would be a signal of further market improvement; if negative pressure persists, BTC still faces the risk of another decline.