orderbook

The crypto market in the first week of February 2026 has been nothing short of a rollercoaster. With the Fear & Greed Index hitting a historic low of 9/100, the air is thick with panic. We’ve seen $BTC briefly touch the $60,000 level, and for the first time in years, even institutional giants like MicroStrategy are seeing their cost basis ($76,052) being tested.
However, while the majority of retail traders were hitting the panic-sell button, a select group of "smart money" players were looking at a different screen: The Order Book.
1. Decoding the $XRP "V-Shape" Recovery
Look at the recent price action for $XRP . Earlier today, the token plummeted to a local bottom of $1.1172. To a beginner, this looked like the end. But for those watching the market depth, it was a different story. In the screenshot I shared earlier, $XRP had already reclaimed $1.4018, marking a massive recovery in a very short window.
The secret was hidden at the bottom of the screen: 61.11% Buy Pressure. Even as the price was falling, the buy-side of the order book was stacking up. This imbalance is often the first signal that a "Capitulation Floor" has been reached.
2. What Exactly is an Order Book?
Think of the Order Book as the "X-ray" of the market. While a price chart tells you where the price was, the Order Book tells you where the market wants to go. It is a real-time list of:
Bids (The Green Zone): Buy orders waiting to be filled.
Asks (The Red Zone): Sell orders waiting for buyers.
When you see a 61% Bid-to-Ask ratio, it means there is significantly more liquidity waiting to catch the asset than there is pressure to sell it. This "Market Depth" is what prevents a price from falling forever.
3. Spotting the "Buy Walls"
In my analysis, I always look for "Buy Walls"—large clusters of buy orders at a specific price. Today, we saw a massive wall near the $1.10 - $1.20 zone. These walls act as a safety net. When $XRP hit that net, the forced liquidations of over-leveraged shorts provided the fuel for the bounce back to $1.40.
4. The Path to February 11th (Community Day)
Why does this matter now? Because we are approaching XRP Community Day on February 11, 2026. Historically, "Extreme Fear" (Index 9) combined with high buy-side conviction in the Order Book is a classic accumulation setup. Institutional investors often use these periods of retail panic to fill their spot bags before a major narrative event.
5. My Strategy for the Weekend
I am not chasing the candles. I am watching the MA(99) resistance at $1.74. If the Order Book continues to show a dominance of buyers (above 60%), it’s a sign that the floor is stabilizing. Patience isn't just about waiting; it’s about waiting with data.
Are you watching the Order Book or just the Price?
📈 Order Book is my X-ray!
🕯️ I only look at the Candles.
☕ I’m too scared to look at either.
#Xrp🔥🔥 #orderbook #TechnicalAnalysis #bitcoin #writetoearn

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金融市場の急速に変化する世界で、価格がどのように決まるのか、また売買がどのように行われるのかを考えたことはありますか？その答えは、強力でしばしば見えないメカニズムにあります：**オーダーブックです。**

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