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

2025-01-10 15:31:24

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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.

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