Bitcoin Buying Volume Rises as Analysts Watch Oversold BTC Setup
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Bitcoin broke below key support amid renewed ETF outflows but still logged its largest volume day in more than a month as buyers stepped in, producing oversold signals and a green daily candle near the lows. Analysts say this behavior often recurs across four-year market cycles and Bitget CEO Gracy Chen remains long-term bullish while warning of short-term risks for crypto and CEX liquidity.
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- Bitcoin posted its largest volume day in more than a month, according to Scott Melker.
- Analyst Cole Walmsley said Bitcoin often repeats this pattern during four-year market cycles.
- Bitget CEO Gracy Chen stayed long-term bullish but warned of short-term risks.
Bitcoin moved through another volatile session after breaking below key support and drawing fresh debate across the market. Analysts pointed to heavy trading volume, oversold signals, and renewed pressure from ETF outflows as BTC tried to stabilize after a sharp drop.
According to Scott Melker, Bitcoin had already posted its largest volume day in more than a month with several hours left in the session. His chart showed a green daily candle forming near the lows, suggesting that part of the high-volume activity came from buyers stepping in during the sell-off.
Volume Returns as Price Tests Lows
Melker sa…
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