Analyzing the 'paper' bids on the Bitcoin order book, will there be further correction after falling below $80,000?

BlockBeats news, October 26 - BTC is currently hovering near $80,000, with large buy orders and long liquidation lines interwoven. In the futures market, what appears to be a thick "buy wall" could trigger a cascade of forced liquidations once prices drop and breach long liquidation levels, instantly turning those buy orders into panic sell orders.

To determine "where the likely strong support lies," we analyzed the cost distribution of nearly 200 whales with all million-dollar long positions in the Hyperliquid market, verified 557 addresses that previously held million-dollar positions, and conducted hedge calculations on preset buy orders, exit sell orders, and long liquidation pressure.

Million dollars