BTC Big Order Battle: A $15.2 Million Sell Order was Cancelled, and a $9.11 Million Short Position Really Held Down Prices
2026-10-14 17:22:35
According to CoinMeta, both resistance levels of $83,413 and $84,000 mentioned in the morning pro updates were touched, but the market responded in two different ways: At $83,413, a major player placed a order for 15.2 million US dollars, and ultimately opened a short position of the same amount. However, there was an active buy order of 18.93 million US dollars from the opposing side that quickly absorbed the sell orders, allowing the price to rise further towards $84,000. At $84,000, the major player placed an order for 9.11 million US dollars and opened a short position of 7.2 million US dollars, but due to a lack of large buy orders to support it, the price failed to break through this level, and the second resistance level was realized. Key points for practical trading: After a sell order is executed and there is active buying with further price increases, the selling pressure is absorbed, and it may be suitable to pursue additional short positions. Conversely, if there is a lack of active buying after a sell order is executed and the price fails to break through, the resistance level is more likely to be effective, and a decline should be watched out for. The data comes from pro's "Major Order Tracking" and "Large Volume Transactions" indicators; the former tracks the trends of limit orders placed and executed by large traders, while the latter tracks their market-price transactions.
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Source:Internet
This content is for market information only and does not constitute investment advice.