PANews, August 2 – Analyst “AntiFragile” published a note stating that the Bitcoin (BTC) order book is currently showing relatively strong buy-side support, with a large volume of patient buy orders concentrated in the range 2%–20% below the current price. These buy orders began appearing as early as early June, representing passively-positioned buying demand laid out in advance. If the BTC price pulls back and touches these zones, those buy orders are expected to act as a buffer and reduce the amplitude of market fluctuations. The current order book structure indicates that some investors are waiting for lower prices to enter, rather than chasing the uptrend, and this type of long-standing limit order could become a potential supporting force during short-term market corrections.
