Large bitcoin buyer pulls $50M bid, lowers order price to $77,888
- —A ~$50M BTC buy order at $81,234 was cancelled
- —The replacement bid is $47.43M at $77,888, 4.1% lower
- —Without the order, the $81,000–81,500 range may flip to $28.7M in net selling
- —The account has net sold about $5.98M in BTC with $166K realized profit
Why it matters: Large visible bids do not guarantee support: their cancellation weakens the case for the $81,000 level and raises the risk of a move toward $78,000.
Source: TokenPost