Recently, there has been a noteworthy change in the Bitcoin market data. According to on-chain tracking, Bitcoin's Net Taker trading volume (based on a 25-hour moving average) has dropped to -$19 million. This is the most intense selling pressure since December 23rd. To put it plainly, the market is now firmly controlled by sellers.

What is Net Taker trading volume? Simply put, it is the difference between buy and sell orders in the market. The larger the negative value, the more active the aggressive sellers are. This indicator is particularly useful for judging short-term market sentiment—when it trends toward negative, it usually indicates increasing selling pressure.

The current reading of -$19 million signals quite strong selling pressure in the near term. It reflects that, among market participants' trading intentions, sellers hold a more dominant position. For short-term traders, this kind of data can help better understand the current market momentum.