$BTC A sudden appearance of 100 million sell orders above, significantly increasing short-term pressure.

If the price reaches the corresponding level, it is highly likely to be pushed down for a small correction first.

Last time, after 200 million sell orders appeared, the price also dropped first, until the sell orders were withdrawn and buy orders below absorbed the selling, then it started to rise again.

Whether history will repeat this time depends on whether the sell orders above are withdrawn and whether the buy orders below can hold.