Affected by Strategy's coin selling news, BTC fell below $62000 in the short term. Previously, the main buying area of $62400~$62850 monitored by PRO has been gradually broken through in this round of decline. Currently, some large buying orders have been executed and are in a floating loss state.
During the trading session, Binance BTC/USDT saw a perpetual occurrence of $223 million in main market price sell orders, with concentrated release of selling pressure and failed buy orders.
Looking back at the afternoon reminder, 'Main Large Order Tracking' has already captured the huge hanging order wall of $268 million in this range in advance:
$62842.5: OKX's main spot buy is $10.94 million;
$62590.4: Finance's perpetual main force has a large hanging order, with an amount of up to $210 million.
This market trend indicates that the main large orders are not simply based on market positions, but rather on pre positioning key defensive areas. When BTC fell towards $62400~$62850, the $268 million hanging wall became the core of the market; When the main market price sell order of 223 million US dollars is smashed and the buy order is executed with a floating loss, it indicates that the main defense in the short term is ineffective.
Activate PRO and use 'Main Order Tracking' to capture the main order wall, transaction fluctuations, and cancellation signals in a timely manner.
The data is for reference only and does not constitute any investment advice.
