Bitcoin has fallen below $100,000 and is now trading around $97,000 for the first time since May, as selling pressure increases across the market. Bulls are finding it difficult to maintain key support levels, and market sentiment has shifted to fear. Traders are reducing their leverage and moving into stablecoins due to heightened volatility.
Despite the downturn, on-chain data indicates that large buyers might be preparing for a potential rebound. CryptoQuant analyst Maartunn points out that significant bid walls have appeared on Binance Futures, suggesting that aggressive buyers are stepping in to absorb the recent selling. Historically, such large bids have often marked local bottoms, as whales and institutional traders buy during dips. This pattern could mean that deep-pocketed investors are growing more confident that Bitcoin’s decline may be limited.
However, with ongoing macroeconomic uncertainty, traders remain cautious. Recent order book data shows strong support forming on Binance Futures, with two major clusters of buy orders—one around 800 BTC and another up to 2,000 BTC. This concentration suggests that large traders are actively accumulating Bitcoin near $97,000. These bid walls act as a temporary price floor, making it harder for Bitcoin to drop further without substantial selling volume. This behavior is typical in the early stages of a market reversal, where smart money builds positions while retail sentiment stays fearful.
Maartunn notes that these clusters reflect renewed confidence from high-volume traders who see long-term value despite the recent correction. If these orders continue to absorb liquidity, Bitcoin could stabilize above the $95,000–$97,000 range. Historically, strong bid support has often led to short-term relief rallies, indicating that the current dip might set the stage for a broader recovery.
Bitcoin’s price has become more fragile, now trading near $96,800, its lowest since May. The break below the $100,000 psychological level confirms a short-term bearish trend, with increased volume pointing to panic-driven liquidations. The 50-day moving average has crossed below the 100-day, signaling weakening momentum, while the 200-day moving average near $88,000 serves as the next key support if selling continues.
Despite the breakdown, there are early signs of stabilization, suggesting dip buyers may be entering the market. Bitcoin has historically found support above its 200-day moving average during mid-cycle pullbacks, often leading to recovery once selling subsides. If Bitcoin can reclaim and hold above $100,000, a short-term rally toward $105,000–$108,000 is possible. However, if it fails to defend $95,000, the decline could accelerate toward $90,000. Overall, the market is in a phase of consolidation, balancing between the risk of further selling and early accumulation.Real-time chart from TradingView.com
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about a large Bitcoin buy order appearing on Binance
Beginner Questions
1 What does a large buy order mean
A large buy order is when a trader or institution places an instruction to purchase a very significant amount of an asset in this case 2800 BTC It shows a strong intention to buy at a specific price
2 Why is a 2800 BTC buy order a big deal
With Bitcoins high price an order for 2800 BTC represents tens of millions of dollars Such a large purchase can significantly influence the market price and is seen as a major vote of confidence often called a bullish signal
3 What are bulls in trading
Bulls are investors who believe the price of an asset will rise They bullishly buy with the expectation of selling later at a higher price
4 Where can I see these large orders
On exchanges like Binance you can see the list of current buy and sell orders on a feature called the Order Book which is usually visible on the trading interface
Intermediate Questions
5 How does a large buy order affect the Bitcoin price
It can create upward pressure on the price By placing a large bid the buyer soaks up all the sell orders at that price level and below effectively pushing the markets minimum price upward
6 What is a cluster of orders
Instead of one massive order a trader might break it up into several smaller orders placed at similar price levels This cluster achieves the same goal of buying a large amount but can be less obvious and help get a better average price
7 Could this be a manipulation tactic
Sometimes yes A tactic called spoofing involves placing a large fake order to create the illusion of high demand and influence other traders only to cancel it before its filled Its important to watch if the order is actually executed
8 Does this guarantee the price will go up
Not at all While its a strong bullish signal its just one piece of data The price can still fall due to broader market conditions negative news or if the large buyer decides to sell their position later
Advanced Strategic Questions