BTC Latest Chit-Chat on September 8: Stuck and Motionless, But Are the Big Players Secretly Placing Large Orders?
Brothers and sisters, wake up and check the market. Today's BTC is like the subway at 8 AM—too crowded, unable to move. The price is stuck around 112,300, down less than a point from yesterday, not even worth lighting a cigarette. Daily high is 113,400, daily low is 110,800; it’s just a two-thousand-dollar gap, oscillating all day long. Looking at the K-line is like watching an electrocardiogram—flat as can be, the doctor is ready to clock out.
First, let's talk about money.
Total position is nearly 9.9 billion dollars, trading volume is 1.57 billion. Sounds pretty grand, but in reality, 70 million dollars has quietly flowed out—typical "talking bullish but running away." The funding rate is 0.0064%, with bulls paying a little tea money to bears. The sentiment is slightly bullish, but it's just a cup of sweet iced tea, not enough to create big waves.
Next, let's discuss indicators.
RSI three lines are all above 50, the market is "Zen" to the point of yawning; MACD is fairly stable at -272, bears hammering away daily, but can't break through; Bollinger Bands are narrowing, with the middle line at 112,600, and the upper and lower bands retreating half a step, trapping BTC in between—standard "oscillation prison." The volume is even more ridiculous at 1.92K BTC, lower than the 5-day and 10-day averages, everyone is just treading water, only robots are placing orders.
Here comes the key point: the large order detector is beeping, discovering that someone has placed a buy order for 39.15 million dollars in perpetual contracts! The amount is significant, the position is not low. Are the big players trying to "support without lifting" or planning a midnight ambush? Let’s leave some room for imagination. Anyway, both bulls and bears are waiting for a breakout point: either break through 113,500 with volume and push up directly, or retest 111,100 without breaking it and go for another bullish run.
Mu Xin's Viewpoint
On short-term trades, don’t get too carried away; oscillate around 111,600-112,000, looking at 113,000-113,300. If it can't go up, just slip away.
If it falls below 111,400, the strategy needs to be adjusted.
Remember to set stop losses, don’t wake up to find your position gone. Spot traders continue to play dead; after all, stagnation will eventually lead to a wave, let time decide the direction, and let’s just relax for now.
BTC now feels like a sleeping lion—looks quiet, but can crush you with just a turn. Wait for the show without getting caught up in it.
#BTC☀