The Buy Orders Have No Stop !!!
“Buy the dip” is a common phrase / tactic that can be heard when there is a bull market and the price corrects for a little time, creating a sales period, and this is the perfect time for many investors to enter the market and create more surge in the short-term future.
In Binance, the orders above $100,000 have hit red, indicating that many institutional investors have decided to “buy the dip” and enter the market. The same happened with Coinbase, and its Pro part, where more than 12,000 bitcoins were sold in the last period.
All of the above facts show the trend has no end as more and more institutional investors decode to diversify their portfolios and add a hedging product that will protect them from inflationary trends.