The bids at $80K on the #Binance spot book refilled after the October 15 sweep. The October 24 sweep took them out again, and this time they have not returned. Only $3.4M in bids remains at $80K.
The bids have moved down to $78K-79K, where orders add up to about $42M, up from about $24M in mid-October. That is the largest block of bids near price, and the first place where we would expect buyers to step in on a dip.
The bids have moved down to $78K-79K, where orders add up to about $42M, up from about $24M in mid-October. That is the largest block of bids near price, and the first place where we would expect buyers to step in on a dip.
