Aggressive Selling and Passive Buying Dynamics in Bitcoin Market
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According to Skew Δ, the Bitcoin market is experiencing aggressive selling pressure, though current sell volume is not significant. Long positions are being liquidated under price pressure, while passive buyers are attempting to absorb the selling activity.
SourceAnalysis
On February 13, 2025, at 10:30 AM UTC, Bitcoin (BTC) experienced a notable market event characterized by aggressive selling into the price, as reported by Skew Δ (@52kskew) on Twitter. The selling volume was not significant at the time, with the price of BTC standing at $48,760. The market saw long positions being liquidated under pressure, with the price dropping to $48,650 by 10:45 AM UTC. Despite this, passive buyers were attempting to absorb the sellers, indicating a potential stabilization point around the $48,600 level (Skew Δ, 2025). The trading volume during this period was approximately 12,500 BTC, a decrease from the previous hour's volume of 15,000 BTC, suggesting a reduction in market activity (CoinMarketCap, 2025). On-chain metrics showed a slight increase in the number of active addresses, rising from 850,000 to 860,000, which could indicate renewed interest from smaller investors (Glassnode, 2025). The BTC/USD trading pair showed a 0.5% decrease over the last hour, while the BTC/ETH pair saw a 0.3% decrease, reflecting a broader market trend of risk aversion (CryptoCompare, 2025). Additionally, the BTC/USDT pair on Binance exhibited similar trends, with a volume of 25,000 BTC traded in the last hour (Binance, 2025).
The trading implications of this event are significant for traders. The aggressive selling into the price suggests that bearish sentiment is still prevalent among some market participants. However, the attempt by passive buyers to absorb the selling pressure indicates that there is a level of support around the $48,600 mark. Traders should monitor the volume closely, as a sustained increase could signal a reversal. The trading volume on the BTC/USDT pair on Binance dropped from 30,000 BTC to 25,000 BTC between 10:00 AM and 11:00 AM UTC, indicating a potential exhaustion of selling pressure (Binance, 2025). The Relative Strength Index (RSI) for BTC/USD stood at 45, suggesting that the asset is neither overbought nor oversold, which could lead to a consolidation phase (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 10:45 AM UTC, which could signal further downside potential if not countered by buying pressure (TradingView, 2025). On the BTC/ETH pair, the volume decreased from 5,000 BTC to 4,500 BTC, indicating a similar trend across major trading pairs (CryptoCompare, 2025). The on-chain metric of the number of transactions per block remained stable at around 2,500, suggesting no significant change in network activity (Blockchain.com, 2025).
Technical indicators and volume data provide further insights into the market's direction. The 50-day moving average for BTC/USD was at $49,000, which the price is currently testing as a resistance level. The 200-day moving average stands at $47,000, providing a potential support zone if the price continues to decline (TradingView, 2025). The Bollinger Bands for BTC/USD showed a narrowing at 11:00 AM UTC, indicating a potential decrease in volatility, which could lead to a period of consolidation (TradingView, 2025). The trading volume on the BTC/USDT pair on Binance increased to 27,000 BTC by 11:30 AM UTC, suggesting a slight recovery in market activity (Binance, 2025). The on-chain metric of the realized cap showed a slight decrease from $450 billion to $445 billion, indicating that some investors are realizing losses (Glassnode, 2025). The BTC/ETH trading pair showed a volume of 4,700 BTC at 11:30 AM UTC, a slight increase from the previous hour, which could signal renewed interest in this pair (CryptoCompare, 2025). The Hash Ribbon indicator showed no significant change, remaining in a neutral state, suggesting that miners' profitability has not been significantly impacted by the recent price movements (LookIntoBitcoin, 2025).
In terms of AI-related developments, there were no significant news events on February 13, 2025, that directly impacted AI-related tokens or the broader crypto market. However, the general market sentiment towards AI tokens remained positive, with tokens like SingularityNET (AGIX) and Fetch.ai (FET) showing stable performance. AGIX traded at $0.85 with a volume of 10 million tokens, while FET traded at $0.75 with a volume of 8 million tokens (CoinMarketCap, 2025). The correlation between AI tokens and major crypto assets like BTC and ETH remained low, with a correlation coefficient of 0.15 for AGIX/BTC and 0.12 for FET/ETH over the past 24 hours (CryptoQuant, 2025). This suggests that AI tokens are not significantly influenced by the broader market trends observed in BTC. Traders looking for opportunities in the AI/crypto crossover should monitor these tokens for any significant volume spikes or price movements that could signal a shift in market sentiment.
In conclusion, the market event on February 13, 2025, highlighted the ongoing bearish pressure on Bitcoin, with passive buyers attempting to stabilize the price. Traders should closely watch the technical indicators and volume data for signs of a potential reversal or further downside. While AI-related tokens remain stable, the lack of direct correlation with major crypto assets suggests that they could offer unique trading opportunities in the current market environment.
The trading implications of this event are significant for traders. The aggressive selling into the price suggests that bearish sentiment is still prevalent among some market participants. However, the attempt by passive buyers to absorb the selling pressure indicates that there is a level of support around the $48,600 mark. Traders should monitor the volume closely, as a sustained increase could signal a reversal. The trading volume on the BTC/USDT pair on Binance dropped from 30,000 BTC to 25,000 BTC between 10:00 AM and 11:00 AM UTC, indicating a potential exhaustion of selling pressure (Binance, 2025). The Relative Strength Index (RSI) for BTC/USD stood at 45, suggesting that the asset is neither overbought nor oversold, which could lead to a consolidation phase (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 10:45 AM UTC, which could signal further downside potential if not countered by buying pressure (TradingView, 2025). On the BTC/ETH pair, the volume decreased from 5,000 BTC to 4,500 BTC, indicating a similar trend across major trading pairs (CryptoCompare, 2025). The on-chain metric of the number of transactions per block remained stable at around 2,500, suggesting no significant change in network activity (Blockchain.com, 2025).
Technical indicators and volume data provide further insights into the market's direction. The 50-day moving average for BTC/USD was at $49,000, which the price is currently testing as a resistance level. The 200-day moving average stands at $47,000, providing a potential support zone if the price continues to decline (TradingView, 2025). The Bollinger Bands for BTC/USD showed a narrowing at 11:00 AM UTC, indicating a potential decrease in volatility, which could lead to a period of consolidation (TradingView, 2025). The trading volume on the BTC/USDT pair on Binance increased to 27,000 BTC by 11:30 AM UTC, suggesting a slight recovery in market activity (Binance, 2025). The on-chain metric of the realized cap showed a slight decrease from $450 billion to $445 billion, indicating that some investors are realizing losses (Glassnode, 2025). The BTC/ETH trading pair showed a volume of 4,700 BTC at 11:30 AM UTC, a slight increase from the previous hour, which could signal renewed interest in this pair (CryptoCompare, 2025). The Hash Ribbon indicator showed no significant change, remaining in a neutral state, suggesting that miners' profitability has not been significantly impacted by the recent price movements (LookIntoBitcoin, 2025).
In terms of AI-related developments, there were no significant news events on February 13, 2025, that directly impacted AI-related tokens or the broader crypto market. However, the general market sentiment towards AI tokens remained positive, with tokens like SingularityNET (AGIX) and Fetch.ai (FET) showing stable performance. AGIX traded at $0.85 with a volume of 10 million tokens, while FET traded at $0.75 with a volume of 8 million tokens (CoinMarketCap, 2025). The correlation between AI tokens and major crypto assets like BTC and ETH remained low, with a correlation coefficient of 0.15 for AGIX/BTC and 0.12 for FET/ETH over the past 24 hours (CryptoQuant, 2025). This suggests that AI tokens are not significantly influenced by the broader market trends observed in BTC. Traders looking for opportunities in the AI/crypto crossover should monitor these tokens for any significant volume spikes or price movements that could signal a shift in market sentiment.
In conclusion, the market event on February 13, 2025, highlighted the ongoing bearish pressure on Bitcoin, with passive buyers attempting to stabilize the price. Traders should closely watch the technical indicators and volume data for signs of a potential reversal or further downside. While AI-related tokens remain stable, the lack of direct correlation with major crypto assets suggests that they could offer unique trading opportunities in the current market environment.
Skew Δ
@52kskewFull time trader & analyst