TechFlow news, January 10 — According to CoinDesk, market analyst Omkar Godbole said the Bitcoin market is showing a unique "iceberg" pattern: while the surface level indicates seller dominance, deeper buying pressure continues to build. At the top levels (0%) and within the 1% depth range, market maker activity shows clear selling pressure. However, in the deeper price ranges from 2% to 5%, buy orders exceed sell orders and are steadily increasing, suggesting that off-exchange capital is positioning itself at lower price levels.
Order book depth data reveals the market's ability to absorb large orders at stable prices. Bitcoin is currently trading at $94,000, with market participants closely watching upcoming U.S. nonfarm payroll data for cues on risk asset trends.
