Binance BTC detects major art pending orders with an amount of nearly $50 million

Starting from 00:34 today, Binance BTC/USDT has placed 9 sell orders with an interval of $1000, betting on the range of $78000 to $86000, with a total amount of $49.78 million. The orders have been pending for 5.0 hours, showing obvious artistic hanging characteristics. This type of art order is usually used to test market depth or create pressure illusions. Once the price approaches, it is important to observe whether it is quickly consumed or actively cancelled, in order to determine the true intention of the main force. The data is for reference only and does not constitute any investment advice.