ME News reports that on August 2 (UTC+8), analyst “AntiFragile” posted on X that Bitcoin’s (BTC) order book currently shows strong buyer support, with a significant volume of patient buy orders clustered in the range of 2% to 20% below the current price. AntiFragile noted that these buy orders began appearing as early as early June, representing preemptive, passive buying demand. If BTC’s price retraces to these levels, these orders are expected to act as a buffer, reducing market volatility. The current order book structure suggests that some investors are waiting for lower prices to enter, rather than chasing upward momentum—such long-term limit orders may serve as potential support during short-term market pullbacks. (Source: ODAILY)
BTC Order Book Shows Strong Buy Support Below Current Price
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Summary
BTC price order book analysis from MetaEra reveals strong support levels below the current price. According to 'AntiFragile' on X, buy orders are concentrated in the 2%–20% range, with passive demand accumulating since early June. These support levels could stabilize the BTC price in the event of a pullback, potentially reducing volatility.
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