BlockBeats News, August 23rd, HODL15Capital released data showing that sell orders for Bitcoin around $80,000 mainly came from the Binance exchange. Binance had approximately $31.98 million sell orders near $79,945, around $13.2 million sell orders near $80,000, and about $33.27 million sell orders near $82,500; meanwhile, Coinbase had approximately $38.74 million sell orders near $80,000.
HODL15Capital's analysis suggested that some of these sell orders have been on the books for a long time. For example, sell orders near $80,000 on Binance have been around for about 99 days, and sell orders near $82,500 have been around for about 108 days. Therefore, it is believed that the current sell walls may not be as strong as they appear. It is necessary to wait for BTC to approach $80,000 more closely to confirm whether these orders are genuinely intended to sell or if the sell orders will continue to move up.

