$BTC :The current Coinbase orderbook structure is showing exceptionally strong passive demand, with large buy walls actively absorbing sell pressure.

Notably, fresh, sizeable bid orders have just been placed around the $75K–$76K zone, forming a clear defensive layer below price.

At the same time, Binance spot orderbook reflects a very similar setup — strong bid liquidity stacked underneath, suggesting this area is being aggressively defended by buyers.

Orderflow-wise, this looks less like panic selling and more like controlled absorption, with larger players positioning for stability or a potential rebound.