According to CONDESK data, Bitcoin is trading around $ 11,000 from its 14 August record, but the head of Falconx’s research says the market’s internal structure still looks “very fast”.
In A post on X On Wednesday, analyst David Lant said what happens in the order book of bitcoin – the live record of buying and selling on exchanges – when the price pulls back slightly from the high.
He explained that after these small dips, orders disappear quickly and buy orders, a dynamic that they have described as the order book “flipping”, which is from the sale to the bidding side.
In plain words, the lavent is saying that the sellers are not clinging around to push the market down after a slight decline. Instead, almost immediately strong demand steps, and buyers take out the sellers.
This pattern suggests long-term players with deep-pockets-as the institutes and well-being are using a brief recession in the form of capitalized money-crop opportunities. Instead of indicating weakness, the absence of continuous sales indicates confidence in the long -term trajectory of bitcoin.
The chart lavent shared chart confirms this interpretation. This shows a period where bitcoin slipped slightly from record levels, only to proceed from orders to sell the order quickly.
Repeatedly towards the dialect side, this is a rapid changes of a rapid market structure, as it shows that the demand in the wings to absorb any supply in the market is awaited. For traders, Techwae is that the flexibility of bitcoin after dips indicates strong underlying support.
While bitcoin is still below its August 14 peak of $ 124,481, the pattern highlighted by the lavent – the sellers are quickly disappearing and re -ordering buyers under control – the rapid feeling among analysts continues to reduce the DIP as an opportunity rather than an opportunities rather than an opportunities.
Technical analysis highlights
- According to the technical analysis data model of Coindesk Research, between August 19, 17:00 UTC and August 20, 16:00 UTC, Bitcoin raised within the range of $ 1,899.78, traded between high levels of $ 112,437.99 and $ 114,337.77.
- Around August 20 around UTC, the price fell to $ 112,652.09 amidst the pressure of liquidity before staging a strong rebound.
- Recovery was supported by high trading activity: 14,643 BTC changed hands, compared to a 24-hour average of 9,356 BTC.
- This boom established $ 112,400-$ 112,650 as a major volume-supported support corridor.
- In the last hour of the analysis period (15: 47-16: 46 UTC)Bitcoin increased from $ 113,863.05 to $ 114,302.43 before it was closed at $ 113,983.06.
- The rally broke through resistance to $ 113,500, $ 113,650 and $ 114,000, assisted by high versions of 250+ BTC per minute, indicated the onset of a short -term uptrend.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
