Analysis: Bitcoin has seen a large turnover and a volume increase that has halted the decline, indicating a typical short-term bottom signal

The cryptocurrency trading indicator analysis platform CoinKarma posted on social media that, based on the technical indicator CVD, after BTC lost its key mid-to-long-term position this week, it has faced strong selling pressure for several consecutive days, leading to an accelerated decline in the market.

However, we also noticed that the spot trading volume at the daily close for BTC has reached its highest level recently across multiple trading platforms, indicating that a significant turnover is occurring in the market. This kind of high turnover and increased volume leading to a stop in decline is a typical short-term bottom signal.