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iceberg situation

Analysis: The Bitcoin market presents an "iceberg" situation, with the surface market showing a seller-dominated trend, but deep-layer buying power is continuously accumulating

ChainCatcher news, according to CoinDesk, market analyst Omkar Godbole stated that the Bitcoin market is exhibiting a unique "iceberg" phenomenon: while the surface market shows a seller-dominated trend, deep buying power is continuously accumulating. At the quote level (0%) and within the 1% depth range, trades dominated by market makers show significant selling pressure; however, in the deeper price range of 2% to 5%, the number of buy orders exceeds sell orders and continues to grow, indicating that off-exchange funds are positioning at lower price levels.Order Book Depth data shows that the market has the capacity to absorb large orders at stable prices. Currently, Bitcoin is quoted at $94,000, and the market is closely watching the upcoming U.S. non-farm payroll data for guidance on the trend of risk assets.
2025-01-10
Bitcoin market
iceberg situation
deep buying power
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