If the price drops, the liquidity provided by market makers naturally leans toward the Bid (buy side), and at the same time, traders will place orders below to wait for fills. Chart 1 shows the depth difference in the spot order book on Binance, which represents how much more buy orders exceed sell orders within 5% of the mid-price range (using a 1-hour weighted average, excluding orders that were placed and then canceled). It can be observed that when BTC dropped to around $83K, the peak depth difference in the order book reached $800M. In relative terms, this is higher than the pullback period from 9/10 to 9/16 and is almost comparable to the consolidation phase at the bottom in July. Based on $83K, the buy orders within the 5% depth range roughly cover up to $79K. This indicates that the range between $83K-$79K is filled with buy orders, and the thickness of the order wall can prevent the price from being quickly broken through. Additionally, from Chart 2, we can see that during the price drop, the difference in trading volume between aggressive buying and aggressive selling (Taker) on Binance increased; that is, aggressive buying increased while aggressive selling decreased. This suggests that traders are not showing pessimism. Not only is there a large number of passive buy orders below, but the willingness to actively buy during the dip has also strengthened.