There’s about $136.7M worth of $BTC sell orders sitting between $89K and $109K on Coinbase.
That’s a lot of supply waiting above the current price.
It doesn’t mean BTC can’t break through, because those orders can be canceled or moved at any time.
But if buyers push into that range, they’ll have plenty of sellers to absorb first.
I can’t help but wonder how quickly those walls will disappear if BTC starts climbing.
That’s a lot of supply waiting above the current price.
It doesn’t mean BTC can’t break through, because those orders can be canceled or moved at any time.
But if buyers push into that range, they’ll have plenty of sellers to absorb first.
I can’t help but wonder how quickly those walls will disappear if BTC starts climbing.
