According to the PRO "Main Large Order Tracking" indicator, both Binance and Coinbase's BTC spot trading volume has exceeded $10 million in orders. Among them, Coinbase's large orders have lasted for more than 5 days, and subsequent cancellations or transactions will directly reflect the true intentions of the main force.
Looking back at yesterday's bulk order reminder, the $78888.8 "insider trading secret" has been verified: the main selling amount once reached $40.0118 million, and after frequent cancellations, the final transaction was $10.0443 million. BTC subsequently fell to $77706, indicating that although there were transactions in the buying market, there was insufficient acceptance, and $78888.8 has become a position that needs to be regained in the rebound.
PRO's' Main Large Order Tracking 'can continuously record the direction, price, amount, and process of hanging and canceling large orders:
-Hanging buy orders: bearish before trading, combined with active selling after trading to verify the acceptance situation (support)
-Put order: bullish before trading, combined with active buying after trading to determine whether the selling pressure has been digested (resistance)
The data is for reference only and does not constitute investment advice.
