Market News / Story
BTC Buy Walls Below the Current Price May Not Hold as Long Liquidations Weigh on Support
Binance News ·
Binance News reports: BlockBeats reported on October 8 that BTC has large buy orders stacked below the current price, but some of those support zones overlap heavily with clusters of long liquidations. According to BlockBeats On-chain Detection, once potential forced-selling pressure is included, areas that initially appear buy-dominant may flip into net selling zones. BTC was trading at $83,066, and the analysis compared nearby key price levels below spot using limit orders, conditional…