$BTC
There’s about $202M more sell orders than buy orders sitting within 5% of price.
Here’s the part people keep missing:
a couple weeks ago that imbalance was over $600M.
So yeah — every bounce is doing some work. Buyers are clearly absorbing supply. Bit by bit. Chunk by chunk.
But then… look at price.
Lower high.
Another lower high.
Then another.
Same loop every time.
Buyers step in, chew through a layer of sellers, push it up a little… then they’re gone. No follow-through. No stamina. Price rolls back over. And right on cue, the sell side reloads.
Absorption only matters if it sticks.
Right now it doesn’t.
The sell wall thins → price pops → buyers disappear → sellers refill → repeat.
So yes, the imbalance is shrinking. That’s real.
But until buyers can hold a rally instead of fading every push, this isn’t strength — it’s just relief bounces getting sold into again and again.
Process over hope.
I’ll care when a bounce actually survives.
