Benson Sun: Bitcoin's $83,000–$84,000 Range Previously Absorbed Approximately 1,400 BTC in Market Sell Orders, with Clear Buy-Side Absorption

According to monitoring by Benson Sun, founder of Coinkarma, at around 23:00 on October 1, U.S. stocks and gold weakened simultaneously, but the Binance BTC/USDT spot market saw consecutive market buy orders of approximately 400 BTC, supporting the price above $84,000, with the final candle closing as a doji.

At around 1:30 on October 3, the market briefly saw approximately 1,400 BTC in market sell orders within the same price range, causing the price to dip and form a relatively long lower wick, before ultimately holding that zone. At the time, sell orders of approximately 100 BTC appeared every few seconds, but each time the price dipped, it was pulled back by buy orders. This zone highly overlaps with the $83,000–$84,000 range where on-chain holdings have recently accumulated rapidly, and buying reactions became relatively pronounced after BTC entered this range.