The crypto market has continued to face a series of repeated corrections with a mild short-term rebound. The frequent market downturn has seen Bitcoin’s sell volume surge significantly, according to data from crypto analytics platform CryptoQuant.
After the recent price breakout that saw Bitcoin trade near the $70,000 mark, the market is back to the red territory and Bitcoin slid back to $63,000.
While the crypto market is currently experiencing another wave of panic selling, the volatility this time is attributable to the rising tensions between the United States and Iran.
HOT Stories Crypto Market Review: Bitcoin's $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day Threshold XRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 — U.Today Crypto Digest
Bitcoin records $1.8 billion in sell volume
On Saturday, Feb. 28, the platform revealed that Bitcoin recorded about $1.8 billion in sell volume within just one hour. This massive sell activity flooded the derivatives market as traders rushed to offload positions amid the sudden market correction.
Notably, the sudden spike reflected aggressive market sell orders hitting order books, signaling growing fears as traders begin to take caution.
You Might Also Like
Sat, 02/28/2026 - 12:15 23,300 BTC Moved to Exchanges at Loss as Bitcoin Drops Below $64,000ByTomiwabold Olajide
While the market saw positive momentum days earlier, the shift in sentiment was swift. The platform shared charts revealing that Bitcoin’s key derivatives pressure index dropped sharply from 30% to 18%. This shows how quickly the mood turned strongly bearish.
The sudden flip is largely attributed to the macroeconomic pressure caused by the recent U.S. and Iran attack.
Bitcoin sellers dominate market
Following the sudden price flip, the data shows that sellers have dominated the market, and traders appeared to be more focused on limiting exposure than holding through uncertainty.
Nonetheless, market watchers have retained optimism as they believe that extreme one-sided positioning can sometimes create the conditions for a rebound.
As selling pressure continues to mount across the Bitcoin derivatives market, the Bitcoin open interest has been barely neutral over the last 24 hours.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
