Whale-sized orders offer Bitcoin support level just below $80,000

Whales on the spot market are becoming a key factor for the next BTC move. Large-scale whale orders are offering a support level just below $80,000. Whales have set up large-scale spot orders for BTC, anticipating another downward move. BTC traded at $81,712.12 as of October 23, once again standing at a junction before a more dramatic move. The recent recovery above $83,000 did not lead to a bigger breakout, but was instead another liquidity sweep. Whales have shown some readiness to buy after each small correction, and the recent positioning shows an expectation of a move below $80,000. Recent data on whale orders shows an accumulation around the $78,000 to $79,000 level, with around $58.8M in available liquidity.

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