Before the non-farm payroll report, a large buy order on Coinbase BTC resulted in a situation where the price did not rise despite the trade being executed.
2026-08-07 16:57:35
According to CoinMeta, based on early data from in, in recent trades of over 5 million US dollars for BTC, sellers have continued to hold the upper hand. On August 6th at 01:37, sellers placed a limit order to sell for 11.02 million US dollars at $64,550. On August 7th at 03:58, a market-order buy order for 6.44 million US dollars entered the market, actively absorbing a limit order to sell for 5.97 million US dollars. Subsequently, at 05:27, another market-order sell order for 5.78 million US dollars appeared. After these active purchases, the price of BTC failed to rise and even fell below $64,300, indicating that the buying pressure was being absorbed by the sellers. Tonight at 20:30, the US Bureau of Labor Statistics will release the July non-farm payroll data, with an expected increase of about 80,000 to 85,000 new jobs and an unemployment rate remaining at 4.2%. In the short term, $64,550 should be closely monitored: if a strong market-order buy order appears and drives the price back up, buyers will regain control of pricing. However, if the buy orders continue to execute but the price does not rise, the selling pressure will not be alleviated. The data is for reference only and does not constitute investment advice.
Source:Internet
This content is for market information only and does not constitute investment advice.
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