Huo Xing Finance reports that on October 13, according to TradingBeats' position reduction data, BTC experienced a sharp decline followed by a rapid rebound, currently trading at $82,934. Since yesterday, the total value of new limit orders placed and still outstanding by key accounts amounts to approximately $124 million, including about $92.45 million in buy orders and $31.43 million in sell orders. This round of new buy orders significantly exceeds sell orders, but large capital has not concentrated on chasing prices near the current level. Multiple multi-million-dollar buy support levels have emerged below. Which price levels are truly attracting large buy orders, and how many of the older orders placed in recent days remain unfilled? New buy orders: near
BTC dips and rebounds amid large buy orders below the current price
MarsBitShare
Summary
BTC price dropped sharply on October 13 before rebounding to $82,934. Key accounts placed limit orders totaling $124 million, including $92.45 million in buy orders and $31.43 million in sell orders. Large capital has not accumulated at current BTC price levels, but multiple million-dollar buy orders emerged below the market. BTC dominance remains stable as the market absorbs recent volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.