Bitcoin has officially slipped under the $100,000 psychological line, dropping to $97,000 for the first time since May. Selling pressure is intense, sentiment is fearful — but on-chain data reveals a twist: whales and deep-pocketed traders are quietly building massive bid walls.
According to CryptoQuant analyst Maartunn, 2,800 BTC in buy orders have stacked the Binance Futures order books around $97,000, signaling early accumulation even as retail panic rises.
The Binance Futures order book shows two major bid clusters:
These levels act as a temporary floor, absorbing sell pressure and signaling confidence from large-scale players. Historically, such formations appear around local bottoms, often preceding relief rallies while retail fear peaks.
Bitcoin’s drop to $96,800 reflects:
The 50-day MA crossing below the 100-day MA indicates short-term momentum loss, while the 200-day MA at $88K remains the ultimate safety net if selling continues.
Despite the fear, the price action around $95K–$97K shows:
If Bitcoin holds this zone, the market could stage a recovery.
If BTC maintains support at $95K–$97K, analysts expect a rebound toward:
Fueled by ongoing accumulation from “dip buyers” defending the zone.
Failure to hold could send Bitcoin toward:
This outcome may trigger fresh liquidations and test investor confidence.
Bitcoin is in a consolidation phase — balancing between:
Regardless of the short-term volatility, the presence of 2,800 BTC bid walls shows that smart money hasn’t left the building. They’re positioning early, quietly, and aggressively.
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