News

Bitget market data shows that BTC has broken through $98,500, currently quoted at $98,509.86, with a 24-hour increase of 0.26%.

Recently, a large number of substantial orders have appeared in the Bitcoin and Ethereum markets, attracting market attention. According to analysis, these orders may come from major funds with the possible intention of guiding price trends. For example, in the Bitcoin market, there was a perpetual close order worth 9.94 million USD; while in the Ethereum market, there was one worth 17.29 million USD. These orders are displayed as horizontal lines on K-line charts - thicker lines represent larger order amounts and longer lines represent longer order times. This suggests that these major funds are actively positioning themselves to try influencing market trends. Investors need to closely monitor these large-scale orders' movements and make corresponding investment decisions based on market conditions. It should be noted that these large-scale orders are just one signal within the market and do not necessarily mean that the market will develop as expected. Investors need to consider other factors such as fundamental market conditions and technical indicators for comprehensive judgment.