The recent calm of Bitcoin is not due to 'lying flat'—the order book reveals a 'chicken game' between bulls and bears.
In the past few weeks, the price has been stuck around $80,000+, with fluctuations so small that they make one yawn. But beneath the surface, there are actually undercurrents:
📉 Before every rise, there is always a thick 'sell order ceiling' quietly suppressing the price;
📈 Each time it falls quickly, there is a batch of buy orders supporting it from below.
The result is: Bitcoin bounces like a rubber ball, hitting the ceiling and coming down, then touching the floor and going up again. Both buyers and sellers are staring at each other, waiting for the other to blink first.
For short-term players, high selling and low buying may be more reliable than chasing price increases and cutting losses. For long-term holders, the market is neither in panic nor frenzy—it's more like 'holding back a big move,' waiting for a sufficiently explosive piece of news to break the deadlock.
So, don't be fooled by the surface calm. The market is quietly building momentum, just waiting to see who can't hold their nerve first.
In the past few weeks, the price has been stuck around $80,000+, with fluctuations so small that they make one yawn. But beneath the surface, there are actually undercurrents:
📉 Before every rise, there is always a thick 'sell order ceiling' quietly suppressing the price;
📈 Each time it falls quickly, there is a batch of buy orders supporting it from below.
The result is: Bitcoin bounces like a rubber ball, hitting the ceiling and coming down, then touching the floor and going up again. Both buyers and sellers are staring at each other, waiting for the other to blink first.
For short-term players, high selling and low buying may be more reliable than chasing price increases and cutting losses. For long-term holders, the market is neither in panic nor frenzy—it's more like 'holding back a big move,' waiting for a sufficiently explosive piece of news to break the deadlock.
So, don't be fooled by the surface calm. The market is quietly building momentum, just waiting to see who can't hold their nerve first.
