Whales place large spot bids to defend Bitcoin just below $80,000
- —Whale spot bids cluster at $78,000–$79,000 with $58.8 million in liquidity
- —Largest Binance order is worth $58 million; another at $77,500 is $25 million
- —Bitcoin 24-hour trading volume has dropped to about $26 billion
- —Deribit options show $80,000 as near-term support, with calls outpacing puts
Why it matters: The $78,000–$80,000 zone could spark a rebound or trigger a deeper slide toward $75,000 if liquidity is swept.
Source: Cryptopolitan