#BTC #ETH A large trader has placed sell orders for 500 BTC each at positions 905 and 906 on the Bybit spot trading pair, totaling 1000 BTC.
If these orders are genuine sell orders and will not be cancelled, then positions 905 and 906 will likely act as temporary resistance. It's worth monitoring the final execution results.
Furthermore, it's unclear what this large trader's trading habits are, as such large spot sell orders are rare on Bybit. Large spot sell orders are usually seen on platforms with the highest liquidity, such as Binance or Coinbase.