Recently, I've been paying close attention to the order book liquidity data for BTC, and I have some interesting findings I want to share with everyone.

After observing for a period of time, I found that the incremental waveforms on the order book can explain a lot. When green peaks appear, it usually indicates that whales are actively accumulating at low prices, and this accumulation behavior is often accompanied by the formation of a local bottom. On the other hand, red peaks are different—they signal that whales are starting to distribute, with trading volume suddenly increasing, mainly driven by the buildup of limit sell orders.

Looking at this recent market trend, it's particularly clear. When BTC bottomed around $87,000, a quite obvious green peak appeared on the order book, and then the price began to steadily rebound. This pattern almost always corresponds to a local bottom. Conversely, when the incremental data shifts from green to red, it often marks the appearance of a local top. If the red peaks continue to extend downward, it’s time to prepare for a larger decline.

The situation over the past few hours has become a bit subtle. The incremental data is turning red, and although the price fluctuations are not large, the limit sell orders are clearly increasing, and trading volume is also picking up. These are objective signals from the market that need to be taken seriously. The crypto market is never easy, so always stay vigilant.