💥 Market Depth Analysis Summary Before Bitcoin Drop
Before Bitcoin dropped below $106,000, market depth showed clear signs of weak buying and increased selling pressure:
🧱 A massive accumulation of sell orders between 121,500 – 122,500$ formed a strong resistance wall.
⚖️ Sell orders outnumbered buy orders by a ratio of 3:2, revealing sellers' dominance.
💧 Weak liquidity below 121,000$ led to a rapid decline towards 113K.
🚨 A sudden withdrawal of buy orders before the crash, indicating whale manipulation in the market.
💵 Strong demand appeared at 105K – 108K, causing a price rebound later.
In short, whales exploited weak liquidity and the density of sell orders to push the price down and then buy from the bottom.
