CryptoQuant analyst Axel Adler Jr. posted that in the early hours of October 7, within about two hours, BTC dropped from $85,500 to $83,900. The Taker Order Pressure Oscillator once fell to -4.9, indicating that aggressive market sell orders significantly outweighed buy orders. Meanwhile, the Liquidation Pressure Oscillator dropped from -11 to -78, showing that this round of decline was accompanied by a large number of long liquidations. As of 04:00 UTC, BTC recovered to around $84,100, and the selling pressure indicator also rebounded to -3.1. Adler pointed out that a single deep negative value does not confirm a trend reversal. What’s more concerning is if BTC continues to break below $83,900 while both the selling pressure and long liquidation indicators remain consistently negative. Similar indicators in the past have also quickly recovered after brief extremes. https://www.(wublock123.com)/news/cryptoquant-analyst-btc-fell-1600-in-two-hours-with-selling-pressure-and-long-clearing-indicators-reaching-extreme-levels-at-one-point-69647