Bitcoin Buy Wall Near $81,000 Is Pulled and Reposted Lower

Bitcoin’s roughly $50 million buy order near $81,000 was canceled after the market approached it on Oct. 8, removing a key source of bid support before the price later fell below that level. Bitcoin dropped to $81,281, only $47, or 0.058%, above the account’s $81,234 order. About three minutes later, the account canceled the full order and reposted a bid worth approximately $47.43 million at $77,888, moving its targeted entry price 4.1% lower. Bitcoin subsequently broke below the original order level and fell to $80,351 early Oct. 9. The order did not provide support at the original level.

Source: TokenPost