Yesterday, I still thought the $BNB sell wall was an isolated case.
Price is now 727.8, down 2.0% on the day and just 2.6% off the high.
Binance’s top-five sell/buy ratio is around 17; OKX’s is about 1.2.
HL density is 15.4, with positions at around 46.7 million.
Massive sell pressure on one side, inventory not thinning on the other—I wouldn’t call this the end of price support.
Which gives way first: the order book, or the density?
#BNB盘口 #PerpetualInventory
Price is now 727.8, down 2.0% on the day and just 2.6% off the high.
Binance’s top-five sell/buy ratio is around 17; OKX’s is about 1.2.
HL density is 15.4, with positions at around 46.7 million.
Massive sell pressure on one side, inventory not thinning on the other—I wouldn’t call this the end of price support.
Which gives way first: the order book, or the density?
#BNB盘口 #PerpetualInventory