BTC's decline has broken the norm!

On the order book, there has been a large buy order amount within four hours, which is basically on par with the buy order amount on October 17. However, the buy orders on October 17 occurred when the market still believed BTC could continue to reach new highs, and the fear index had not yet dropped to 10.

Now, the market generally believes BTC has entered a bear market. Institutions are rushing to sell BTC, the fear index is below 10, and current buy orders are mostly betting on a rebound rather than a genuine bottom-fishing attempt.