๐ Why Do Coins "Stop" at Round Numbers? Here's the Truth ๐
Ever wonder why Bitcoin hits $111,000.00 or BNB touches $2,520.00 and then suddenly reverses?
No โ itโs not because someone is controlling the price.
Itโs actually a mix of trader psychology, market behavior, and automated systems like bots and stop orders.
๐น Psychology: Most traders set targets at round numbers. Itโs clean, easy, and feels right.
๐น Bots & Algorithms: Many bots are programmed to trigger at key levels.
๐น Order Clusters: Exchanges like Binance see large volumes of sell orders stacked around round figures.
๐น Liquidity Zones: At extremes, fewer buyers = more resistance = a price "stop."
The result? Prices stall or reverse when they hit these major numbers. Itโs not manipulation โ itโs just how markets work when thousands of traders and bots act on the same cues.
๐ Check your Binance order book sometime โ you'll actually see the walls of buy/sell orders stacked at those psychological levels.
๐ Welcome to the world of price psychology, where the real power lies in collective action, not control.
