TechFlow news, on December 6, CryptoQuant analyst Maartunn pointed out that yesterday's approximately 10% Bitcoin pullback had been previously signaled by on-chain indicators. Data showed a strong buy signal from Binance's net order flow, suggesting the market might slow down; leverage-driven price increases caused open interest to rise over 15%; the Crypto Fear & Greed Index was in the "extreme greed" zone, while retail demand metrics (30-day change rate) reached a four-year high of 30%.
These factors ultimately led to the largest long liquidation in nearly one and a half years, triggering a flash crash in price.
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