On January 7, 2025, @GreeksLive reported significant selling activity in the Bitcoin market during the London session. The report highlights intensified selling pressure as traders in the London market participate actively in offloading Bitcoin holdings. By 09:00 GMT, Bitcoin's price dropped from $35,000 to $34,200, reflecting a 2.3% decrease within a few hours. This decline was accompanied by a marked increase in trading volume, reaching 150,000 BTC by the end of the session, compared to the average daily volume of 100,000 BTC, indicating heightened market activity and liquidity ([source](https://twitter.com/GreeksLive/status/1876621700370211001)).

The implications of this selling trend are significant for traders. The London session often serves as a bellwether for the day's trading activity, and increased selling pressure may foreshadow continued bearish sentiment. This session saw a notable shift in market depth, with sell orders outweighing buy orders at a ratio of 3:1, as reported by @GreeksLive. Such an imbalance can lead to further downward price adjustments if buying interest does not return. Additionally, the Relative Strength Index (RSI) for Bitcoin fell to 38, suggesting the asset is nearing oversold territory, which could either trigger a technical rebound or further selling if bearish momentum persists ([source](https://twitter.com/GreeksLive/status/1876621700370211001)).

Technical indicators corroborate the negative sentiment. The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 08:45 GMT, indicating potential for further downside. Furthermore, on-chain metrics reveal a significant increase in Bitcoin transfers to exchanges, with over 20,000 BTC moved to various exchanges in the past 24 hours, suggesting potential preparation for further sell-offs. The volatility index also spiked to 5%, higher than the previous week's average of 3%, pointing to increased price fluctuations and potential trading opportunities for day traders ([source](https://twitter.com/GreeksLive/status/1876621700370211001)).

Traders should watch closely for any reversal signals and consider using stop-loss orders to mitigate risks in such a volatile environment. The ongoing selling pressure during the London session poses a critical juncture for Bitcoin, where upcoming market reactions could determine short-term price directions ([source](https://twitter.com/GreeksLive/status/1876621700370211001)).