The post Bitcoin Risks Drop To $108K, But Dip Buyers Step In appeared on BitcoinEthereumNews.com. Key points:  Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size.  Liquidation heatmap data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a two-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows this week, selling during the Asia trading session has chipped away at the gains accrued through each rebound rally in the US session.  Bitcoin returns by trading session and region. Source: Velo data Throughout the past week, traders have stepped in to buy intra-day lows, but liquidation heatmap data from Hyblock shows a liquidation cluster composed of leveraged long positions at risk of absorption from $111,000 to $107,000.  BTC/USDT liquidation heatmap, three-day lookback. Source: Hyblock  In addition to the downside liquidation risk, activity in perpetual futures markets continues to drive Bitcoin’s day-to-day price action, and heavy selling from the institutional investor-sized cohorts (1,000 to 10 million) continues to overwhelm the spot purchasing seen among retail-investor-sized (100 to 1,000) orders.   BTC/USDT CVDs, four-hour chart. Source: Hyblock  Despite Bitcoin nearly falling below $110,000, the notable development of the day is the aggregate spot orderbook bid-ask ratio tilting back toward buyers. The metric measures “the relationship between the number of buy orders (bids) and sell orders (asks) in an order book,” and the ratio ranges between -1 and 1, with zero showing an equal number of buy and sell orders in the order book. According to Hyblock,  “A bid/ask ratio that is greater than 0 indicates that there are more buy orders than sell orders in the order book, which could suggest that there is greater demand for the asset at the current price level.” Related: Bitcoin faces ‘imminent’ $110K retest as US dollar hits three-week high Setting the metric to 10% depth at… The post Bitcoin Risks Drop To $108K, But Dip Buyers Step In appeared on BitcoinEthereumNews.com. Key points:  Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size.  Liquidation heatmap data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a two-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows this week, selling during the Asia trading session has chipped away at the gains accrued through each rebound rally in the US session.  Bitcoin returns by trading session and region. Source: Velo data Throughout the past week, traders have stepped in to buy intra-day lows, but liquidation heatmap data from Hyblock shows a liquidation cluster composed of leveraged long positions at risk of absorption from $111,000 to $107,000.  BTC/USDT liquidation heatmap, three-day lookback. Source: Hyblock  In addition to the downside liquidation risk, activity in perpetual futures markets continues to drive Bitcoin’s day-to-day price action, and heavy selling from the institutional investor-sized cohorts (1,000 to 10 million) continues to overwhelm the spot purchasing seen among retail-investor-sized (100 to 1,000) orders.   BTC/USDT CVDs, four-hour chart. Source: Hyblock  Despite Bitcoin nearly falling below $110,000, the notable development of the day is the aggregate spot orderbook bid-ask ratio tilting back toward buyers. The metric measures “the relationship between the number of buy orders (bids) and sell orders (asks) in an order book,” and the ratio ranges between -1 and 1, with zero showing an equal number of buy and sell orders in the order book. According to Hyblock,  “A bid/ask ratio that is greater than 0 indicates that there are more buy orders than sell orders in the order book, which could suggest that there is greater demand for the asset at the current price level.” Related: Bitcoin faces ‘imminent’ $110K retest as US dollar hits three-week high Setting the metric to 10% depth at…

Bitcoin Risks Drop To $108K, But Dip Buyers Step In

2025/09/26 20:48

Key points: 

  • Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size. 

  • Liquidation heatmap data suggests the sell-off could extend to $107,000.

Bitcoin (BTC) fell to a two-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows this week, selling during the Asia trading session has chipped away at the gains accrued through each rebound rally in the US session. 

Bitcoin returns by trading session and region. Source: Velo data

Throughout the past week, traders have stepped in to buy intra-day lows, but liquidation heatmap data from Hyblock shows a liquidation cluster composed of leveraged long positions at risk of absorption from $111,000 to $107,000. 

BTC/USDT liquidation heatmap, three-day lookback. Source: Hyblock 

In addition to the downside liquidation risk, activity in perpetual futures markets continues to drive Bitcoin’s day-to-day price action, and heavy selling from the institutional investor-sized cohorts (1,000 to 10 million) continues to overwhelm the spot purchasing seen among retail-investor-sized (100 to 1,000) orders.  

BTC/USDT CVDs, four-hour chart. Source: Hyblock 

Despite Bitcoin nearly falling below $110,000, the notable development of the day is the aggregate spot orderbook bid-ask ratio tilting back toward buyers. The metric measures “the relationship between the number of buy orders (bids) and sell orders (asks) in an order book,” and the ratio ranges between -1 and 1, with zero showing an equal number of buy and sell orders in the order book.

According to Hyblock, 

Related: Bitcoin faces ‘imminent’ $110K retest as US dollar hits three-week high

Setting the metric to 10% depth at only spot exchanges shows buyers beginning to step in as the price fell to $110,553 from $111,200. Proof aligned with this buying is visible in the anchored four-hour cumulative volume delta, where a surge in buy volume is seen (yellow arrows). 

BTC/USDT CVDs and bid-ask ratio one-hour chart. Source: Hyblock 

While the spot volumes pale in comparison to the buying and selling seen across perpetual futures markets, the re-emergence of a bid-ask ratio tilted toward bulls is a first since it was last seen Sept. 5 to Sept. 7, right before BTC rallied from $107,500 to its recent price top at $118,200. 

BTC/USDT CVDs and bid-ask ratio. Four-hour chart. Source: Hyblock 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Source: https://cointelegraph.com/news/bitcoin-crumbles-below-dollar109k-but-data-shows-buyers-stepping-in?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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