Selling pressure has weakened significantly based on Netflow's index.

Selling-pressure-has-weakened-significantly-based-on-Netflows-index

This time, the overall market, including stock, is awful, and the correlation index is also high.

However, when comparing the Netflow indicator based on a 7-day moving average. I see the following:

1/ Since November 2021, positive values ​​have tended to increase, and negative values ​​tended to decrease sharply until BTC recorded a bottom of 35K. A positive value indicates selling pressure for the spot market, and a negative value is an opposite.

2/ From the end of January to the end of April, the positive value dropped sharply and kept the value small and flat, whereas the negative value contrasts with the previous period.

Therefore, if the market continues to trend as severely as the media forecasts in general, and no terrible events are happening unexpectedly (unpredictable), the crab can be repeated, but the capitulation may not occur.