According to TechFlow, on January 10, CoinDesk reported that market analyst Omkar Godbole said that the Bitcoin market presents a unique "iceberg" trend: although the surface market shows that sellers dominate, deep buying power is continuing to accumulate. At the quote level (0%) and in the 1% depth range, transactions dominated by market makers show obvious seller pressure; however, in the deeper price range of 2% to 5%, the number of buy orders exceeds the number of sell orders and continues to grow, indicating that OTC funds are being deployed at lower prices.
Order Book Depth data shows that the market has the ability to absorb large orders at a stable price. Currently, Bitcoin is quoted at $94,000, and the market is closely watching the upcoming US non-farm payroll data for its guidance on the trend of risky assets.