Since the weakening apparent demand coincides with ongoing price spikes, it could imply that the latest leg-up is operating on fragile ground. Such divergence suggests that the current upward trend is supported more by speculative momentum than strong, consistent buying interest.
Secondly, this selling pressure from long-term holders, frequently referred to as “smart money,” often suggests the notion that the market might have hit a local top among these seasoned investors. As a result, the expert claims the market is in a vulnerable condition.
