WBTCUSDT Shows Rising Sell Pressure Despite High Buying Volume

In my analysis of WBTCUSDT, I observe that the buying volume remains robust, with a 1-minute volume of 94.95K ₮ and an overwhelming 98% buy ratio totaling 93.33K ₮. Despite this strong buying activity, the current price is nearly unchanged at around 112,123.09 ₮, showing a 0% difference from previous levels. Over the past 24 hours, WBTCUSDT experienced a slight decline of approximately 1.017%, and shorter timeframes also reflect minor decreases, indicating a mildly bearish short-term trend. The 24-hour trading volume is substantial at 7.478 million ₮, but there is a notable shift in the sell side, which accounts for 54% of the total volume, amounting to -4.013 million ₮, suggesting increasing sell pressure despite high buying activity. Net volume changes show a mixed picture: over 15 minutes, there's an 18% decrease, but over the last hour, a 16% increase, and a 4-hour window shows a 14% decrease. These fluctuating net volumes point to short-term volatility and potential indecision in the market. Overall, while the buying volume remains high and the short-term price is stable, the rising sell volume and mixed net volume signals indicate caution. There might be underlying selling pressure that could lead to short-term price corrections, especially considering the notable sell dominance in the 24-hour trading window.