According to CoinAnk's large order book data, #BTC has accumulated over $21 million worth of spot sell orders at the $92,000 level, and these orders have been lurking for more than 22 days.
The purple area above represents the selling pressure zone, meaning the higher the price goes, the more sell orders there are. The purple zone is also a high liquidity area, suitable for large traders and institutions to exit liquidity.
As long as there are enough retail traders shorting, large traders can take advantage of retail stop-losses to execute spot limit sell orders.
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#BTC Key Selling Pressure Zone: $92,000
According to CoinAnk's large order book data, #BTC has accumulated over $21 million worth of spot sell orders at the $92,000 level, and these orders have been lurking for more than 22 days.
The purple area above represents the selling pressure zone, meaning the higher the price goes, the more sell orders there are. The purple zone is also a high liquidity area, suitable for large traders and institutions to exit liquidity.
As long as there are enough retail traders shorting, large traders can take advantage of retail stop-losses to execute spot limit sell orders.