Bitcoin Order Book pressure is very negative

Today’s Bitcoin Order Book pressure looks terrible, although Whales are almost 100% positive. Do you think there is a correlation between Order Book pressure and short-time price?

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  1. You’re looking at it wrong. Order book pressure being negative means there’s more sell orders than buy orders. Which means for the order book to go back to neutral (which it almost always does) those sell orders have to be filled. This will drive the price up because the sell orders are at a higher price than current.

What do you think?

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