Massive buy orders appear below Bitcoin, but does this mean it won't continue to fall?
It is reported that $BTC has over $80 million in buy orders between $78,000–79,000.
Yesterday buying around 80K was filled, pushing the price to a brief rebound.
However, after the rebound the price started declining again indicating that spot demand may still be insufficient.
Remember: Limit orders do not equal real support. Large buy orders may be withdrawn or directly eaten up by selling.
If spot funds continue to stay out
Bitcoin still has the possibility of further downside
#Write2Earn
#TrendingTopic
It is reported that $BTC has over $80 million in buy orders between $78,000–79,000.
Yesterday buying around 80K was filled, pushing the price to a brief rebound.
However, after the rebound the price started declining again indicating that spot demand may still be insufficient.
Remember: Limit orders do not equal real support. Large buy orders may be withdrawn or directly eaten up by selling.
If spot funds continue to stay out
Bitcoin still has the possibility of further downside
#Write2Earn
#TrendingTopic