BlockBeats News, January 18th, the encryption transaction index analysis platform CoinKarma published an article stating, “BTC rose to nearly $98,000 this week, but when approaching this price level, the market saw the most significant selling pressure in recent weeks, causing a slight pullback in price. However, the overall liquidity of both buyers and sellers has not shown a clear imbalance yet, remaining relatively balanced.
Other key market indicators have not shown a clear signal yet. Based on the current situation, long position holders who entered at a relatively low point at the beginning of the year may consider taking profits, choose to partially or fully close their positions, and wait for clearer signals before re-entering.”
