The "Difference Bid-Ask Mean Price Spot (USD)" is a metric that calculates the difference between the average value of buy orders (Bid) and the average value of sell orders (Ask) in the spot market in relation to the United States dollar (USD). It is an excellent way to identify the discrepancy between the buying and selling prices of assets quoted in dollars, being useful for understanding the buying and selling pressure in the market in relation to the dollar. Positive values indicate a predominance of buy orders, while negative values suggest that sell orders are in greater number. This metric is essential for market sentiment analysis and can help identify possible upward (bullish) or downward (bearish) trends in assets in relation to the dollar.

We also consider this metric for mapping the Distribution and Accumulation phases, meaning when the metric is falling, it signals strong selling pressure, the same applies when it is rising, indicating strong buying pressure. It is normal for the indicator to fall and the price to continue rising, but it is already a sign that Market Makers are taking profits, and their spot interest might be reducing, influencing the Supply and Demand in the cryptocurrency market.

Recently, Bitcoin experienced the highest Spot selling pressure since May 2022. It is worth noting that this is an indicator that monitors various Exchanges and different pairs of Stablecoins and the dollar.

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