Bitcoin futures selling pressure has eased sharply, according to CryptoQuant analyst Darkfost. In his latest market assessment, he said BTC’s selling pressure is now ten times lower than before. After net buyer volume reached a monthly average peak of $489 million, sellers now hold only a slight advantage of $51 million in the futures order books.
Darkfost said the net buyer volume indicator is used to measure which side has the upper hand in futures order books. By adjusting the data with the monthly average, shifts in trend and trader behavior become easier to spot. He added that the market has not returned to positive territory yet, but it is getting close. Since this reduction in selling pressure began, BTC price action has also become more stable.
Order book balance remains a key short-term signal
Darkfost linked the change to the importance of futures volumes in driving price moves. In his view, the change in trader positioning is an encouraging sign. His threshold is clear: if net buyer volume turns positive again, it would point to a distinct bullish trend. For now, that condition has not been met, and short-term direction still depends on whether buying strength can overtake the remaining sell-side edge.
The article also said a pattern seen across many altcoins applies to BTC as well. Altcoins reclaiming their 21-day moving averages have raised expectations of a possible reversal. Bitcoin is holding around $92,000 for now, but the 15-minute chart continues to print large bullish and bearish candles. That keeps liquidation risk in focus rather than signaling a calm market.
NEAR builds a higher low with $3 in view
Among altcoins, Michael Poppe highlighted NEAR as one to watch. The report noted that NEAR had a strong market impact in 2021 before coming under pressure during the FTX collapse. On the current chart setup, NEAR is forming a higher low and showing willingness to move toward its resistance zone.
Based on Michael Poppe’s view, a successful break above resistance would put $3 in sight for NEAR. At the same time, the market is watching a macro event that could shape crypto direction: a US Supreme Court tariff decision expected around 18:00 the following day. The article said that outcome is likely to influence the next move across the cryptocurrency market.