$BTC - Market Update (8/5)
BTCUSDT Perpetual Contract BYBIT:BTCUSDT.P
BTC
Order Flow
Price is holding 64k for now, with ~475 BTC of overhead sell pressure remains at 64.8k–65.2k.
Despite +1,259 BTC of net market buys on Binance perps, price remains pinned below 64.5k. Normally, this would push price higher, but every market buy is getting absorbed.
If buyers get exhausted and we lose 63.8k (~510 BTC), momentum can quickly shift back to the bears.
