Bitcoin price holds $10.5K but a $30M sell wall looms overhead
A 2,800 BTC sell wall on Binance heightens the chance of a sell off and is keeping Bitcoin price trapped below $11K. According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange.While it does not necessarily indicate that a market-wide pullback is imminent, it hints that a major rally remains unlikely. In the short term, BTC likely faces a low-volatility range between $10,500 and $11,000, two key support and....
Related News
14 hours ago, users began reporting about the "biggest sell wall I've ever seen": a 31 000 bitcoin sell wall appeared mysteriously at 300 USD per bitcoin on Bitstamp. I must agree, this is the biggest sell wall I've ever seen. One thing that amazes me is how little the market has moved in those 14 hours since the Sell Wall of Death. 31 000 bitcoins is Now 15 000 bitcoins. Not only has the market refrained from panic selling below 300 USD per btc (where 275 USD became the lowest point), people are even chomping the Bitcoin sell wall. If you watch the order book and the live trades you can....
Bitcoin is holding above $76,000 as the market tests resistance, and bulls attempt to build the momentum needed for the next leg higher. The price is constructive. The order book above it is not cooperating. Data from CoinGlass shows that the sell wall between $80,500 and $82,000 has been in place for over 24 hours. The orders are large, evenly spaced at approximately $3.3 million intervals, and they have not moved. In order book analysis, that combination — scale, spacing, and persistence — is the fingerprint of deliberate placement rather than coincidental accumulation. Spoofs disappear....
The Dogecoin (DOGE) price has been in a prolonged downtrend for months, basically mirroring Bitcoin’s decline and showing no signs of a sustained recovery or uptrend. However, a crypto analyst has suggested that this might change soon. The analyst has identified a critical sell wall on the Dogecoin chart that, if broken, could trigger a […]
Bitcoin Price and the 700 BTC sell wall. If you have been following Bitcoins price, you have noticed that it’s risen from its price of around $450 to as of now, around $580. This is a 33% increase in price and the sudden explosion of growth as many people scratching their heads. One of the most prominent news that first got things in the motion was the buying of a 700 bitcoin sell wall. In layman terms, this means someone had a order of 700 Bitcoins for sale at a certain price. This means that the price cannot increase, effectively a ceiling. Now that that’s out of the way, the prices been....
Bitcoin refuses to dip to even its $42,000 February all-time highs, but familiar resistance higher up looms large. Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week's downtrend into a battle for resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers and sellers close in on BTCData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it repassed $45,000 on Thursday, climbing to highs of $45,490 on BitsThe move came on the back of United States bank Wells Fargo revealing that it had partnered with NYDIG to....