Currently #BTC looking at the order book depth.. Neither the contracts nor the spot market show significant selling pressure...
It seems that in the face of positive news.. funds are not overly eager to sell at higher levels.. This is a phenomenon favorable to bulls..
At least when previously pushing to 1116 and 1140, there was significant selling pressure shown above... But currently, from the order book orders, such pressure has not yet appeared
(However, during the first wave at 1160, such pressure also did not appear, so further observation is needed)
Therefore, currently, there is no way to derive more reference value from the order book...
