CryptoQuant contributor Darkfost analyzed, "The buying momentum in the BTC futures market is weakening." He stated, "The 30-day average Net Taker Volume recently plummeted from $213.7 billion to $97.8 billion, and the Taker Buy/Sell Ratio, which rose to 1.21 on August 19, has shifted to a sell-dominant position since August 30. The optimism seen when BTC broke above $65,000 is weakening, and investors' short positions are increasing. It appears that market conditions have started to deteriorate in the short term."
