WBTCUSDT Sells Significantly Outpace Buys Indicating Potential Downtrend

In my analysis of WBTCUSDT, I observe that the recent selling volume is significantly higher than the buying volume, with sell amounts reaching approximately 117.22K ₮ compared to buy amounts of just 829.99 ₮. Despite a flat price movement at 117,212.17 to 117,228.86, the overarching trend shows a substantial sell-off, indicated by the -100% sell volume and the net volume figures across various timeframes showing a pronounced decline, especially in the past 1 and 4 hours. The 24-hour trading volume stands at around 10.414 million ₮, with more than half of this volume attributed to selling activity, which suggests there may be bearish sentiment among traders.