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by shoshino
2812 days ago
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> Buy support is the sum of buy orders from top 20 exchanges.
> This is the actual amount that people want to buy. Curious how you have arrived at $1.5T of buy support for BTC? Given an example, a $1 bid on 100 BTC equates to $100 of buy support. In this example, would you count this as 100 * current price? For reference, my custom tool reports BTCUSD pairs across major exchanges and shows approx 40kBTC of liquidity 10% either side of the current price. This is approximately $0.25B. |
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So your tool counts the closest 10%? Would be interesting to expand it to 100% and compare the metric.