#BTC🔥🔥🔥🔥🔥 #BTC

On January 10, CoinDesk market analyst Omkar Godbole said that the current BTC (BTC) market resembles an iceberg, which shows the prevailing sentiment on the sell side on the surface. However, deeper below the surface, bottom takers are quietly waiting for an opportunity to buy BTC at a low price and possibly provide support to the price. According to Hyblock Capital, an uptrend at the price level (i.e., the market price) has turned into a downtrend in the trading of the primary and perpetual futures contracts, which shows that more traders are willing to sell at the market price. The order book depth from the bid level (i.e., 0%) to 1% shows a similar pattern. The order book represents the total value of buy and sell orders at a certain price level (e.g. ، 1٪ ، 2٪ ، 5٪) which indicates the market’s ability to absorb large orders. “At the price level, there was an uptrend, but now it has turned into a downtrend, which indicates increased selling pressure, and market makers usually work in this position,” Hyblock Capital said. From the price level to the 1% zone, the action is similar to the action of a market maker.” Moreover, given the recent volatility in BTC prices, the dominance of sellers at the supply level is not surprising. BTC has fallen from over $102,000 to $94,000, mainly due to renewed inflation fears in the United States.)