Analyst says Bitcoin has thicker bid support between $79,000 and $83,000

Odaily reported that analyst Murphy said on X that buy-side liquidity tends to build when Bitcoin falls, as market makers skew liquidity toward bids and traders place orders at lower prices. He cited Binance spot order book data showing that the 5% depth imbalance briefly reached $80 million when Bitcoin dropped to about $83,000. Based on that $83,000 reference price, bids within the 5% depth range roughly extended down to $79,000, suggesting relatively thick buy-side support between $83,000 and $79,000. Murphy also pointed to a continued rise in the gap between Binance taker buy volume and taker sell volume, which he said shows more aggressive buying and less aggressive selling during the move. The remarks focus on order-book structure and execution flow rather than a price forecast, highlighting where buyers were concentrated as Bitcoin pulled lower.