[Analysis Suggests Increased BTC Derivatives Selling Pressure May Prolong Bottoming Cycle] CryptoQuant data shows that Bitcoin's price has fallen below the 50-day and 200-day moving averages, with a Price Z-Score of -1.6, indicating the price is below the statistical mean, selling pressure is increasing, and trend momentum is weakening. Crypto analyst Darkfost pointed out that the dominance of sellers in the derivatives market has strengthened, with last Sunday's monthly net active trading volume turning negative to -$272 million. The active buy-sell ratio on Binance fell below 1, and futures trading volume significantly exceeded spot inflows. A short-term rebound will require stronger support from spot buying.