Analysts: Bitcoin drops 1.5% over two days, sellers dominate the market

TechFlow reports, on September 8, CryptoQuant analyst Axel Adler Jr. stated that over the past two days, active buying and selling order pressure for Bitcoin has shifted to sellers, driving prices down from $79,900 to $78,700.

Data shows that on the morning of September 6, the Bitcoin active order pressure oscillator stood at +3.82 before dropping below zero and remaining in negative territory for 46 hours, with the latest reading at -3.19.

Although selling pressure has eased from its period low of -5.28, bulls have not yet regained control. The short-term outlook remains bearish, and an improvement signal would be the oscillator consistently returning above the zero line, accompanied by a halt in the price decline.