US stock futures weakened, with the Yen hitting its lowest level since 2024. All eyes are on the upcoming US December inflation report. S&P 500 contracts fell by 0.2% ahead of JPMorgan’s earnings, the first major Wall Street bank to release quarterly results. Meanwhile, Poppe shared his target for NEAR Coin while Darkfost highlighted changes in futures trading.
BTC Futures
CryptoQuant analyst Darkfost noted in the latest market assessment that BTC’s selling pressure has visibly diminished. After reaching a monthly average peak of $489 million in Net Buyer Volume, the selling pressure is now tenfold reduced.
Currently, sellers still have a slight dominance in the order books with $51 million.
This indicator helps determine superiority in futures order books by providing net volume. Correcting the data with the monthly average facilitates highlighting changes in trends and trader behavior.
We haven’t returned to the positive zone yet, but we’re getting close.
Considering that futures trading volumes have a significant impact on price movements, investors changing their approaches is very encouraging. Since the start of this reduction in selling pressure, BTC price movements have also stabilized.
If Net Buyer Volume becomes positive again, this will clearly ignite a bullish trend.” – Darkfost
NEAR Coin Outlook
The scenario observed in many altcoins applies to BTC as well. Altcoins surpassing the 21-day moving averages encourage investors for a possible reversal. Michael Poppe, while sharing altcoins with upward potential, brought NEAR to the spotlight, which had a notable impact in 2021 but suffered during the FTX collapse.
NEAR, forming a higher low, is currently willing to move towards the resistance region. For NEAR, one of Michael Poppe’s favored altcoins, the target is the $3 threshold upon breaking resistance.
While BTC maintains its position at $92,000 for now, the US Supreme Court’s tariff decision, expected to be announced around 18:00 tomorrow, will set a course for cryptocurrencies. Thus, BTC continues to create large bullish and bearish candles on the 15-minute chart, warning investors against a possible liquidation wave.
