Benson Sun: Bitcoin sees active capital absorption in the $83,000 to $84,000 range, with an obvious buying response.

BlockBeats news, October 4: Coinkarma founder Benson Sun posted that around 11 PM on October 1, U.S. stocks and gold weakened simultaneously, but the Binance BTC/USDT spot market saw consecutive market buy orders of approximately 400 BTC, supporting the price above $84,000, and the final candlestick closed as a doji.

Around 1:30 AM on October 3, within the same price range, the market briefly saw market sell orders of approximately 1,400 BTC, and the price was quickly pushed down, forming a relatively long lower wick, but it still held that area afterward. The candlestick showed that sell orders of about 100 BTC appeared every few seconds at that time, but each time the price dipped, it was quickly pulled back by buying pressure.

Benson Sun pointed out that this area highly overlaps with the $83,000 to $84,000 range where on-chain chips have recently accumulated rapidly. Combining spot order flow and on-chain data, it can be judged that funds are actively absorbing supply in this price range, and buying pressure reacts relatively noticeably after BTC enters this area.