Bitcoin has risen above the $70,000 mark in the past day even though there has been a decrease in the selling volume for the digital asset.

An indicator called Net Taker Volume monitors the difference between the buy and sell volumes of Bitcoin in perpetual swaps. If the value of this metric is positive, it suggests that more people are buying Bitcoin, indicating a bullish sentiment. On the contrary, a negative value signals that more sellers are willing to sell at a lower price, indicating a bearish mentality.

Recent data shows that there has been a significant increase in the negative selling spikes for Bitcoin. Despite this, the price of Bitcoin has remained relatively stable. This data suggests that while there is a bearish sentiment among sellers, buyers have still shown strength in supporting the price of Bitcoin.

Although there have been consistent negative spikes in the Net Taker Volume, the intensity of these spikes seems to be decreasing gradually. This could signal a shift in market sentiment from bearish to bullish.

Bitcoin's price dropped below $68,000 yesterday, but has quickly rebounded to around $70,800 today. This resilience in price despite the negative selling trend could indicate further potential for a bull market in the near future.