Ethereum traders appear to be leaning heavily toward selling, with fresh data revealing a sharp imbalance in market activity.
According to on-chain analyst Maartun, sellers outpaced buyers by over 115,000 ETH in the last 24 hours, indicating growing bearish pressure.
This figure reflects a key metric known as Net Buyer Volume, which measures the difference between immediate buy and sell orders. A negative value—such as the one just recorded—signals that more investors are rushing to sell than buy at current market rates.
Maartun emphasized that market order behavior plays a critical role in reading sentiment. Unlike limit orders, which are placed with price discipline, market orders are executed instantly and typically reflect urgency.
The analyst noted that when sell-side market orders dominate, it often suggests rising panic or loss of confidence—classic indicators of short-term bearish momentum.
The data adds to growing concerns among Ethereum holders, as investor behavior appears to be shifting away from accumulation and toward exit strategies—at least for now.
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Source: https://coindoo.com/analyst-flags-ethereum-warning-after-massive-sell-off/