#Large ETH, BTC orders#

Recently, large-scale limit orders have emerged in the cryptocurrency market, attracting market attention. Among them, a 10.07 million liquidation order appeared in BTC perpetual contracts, while an 8.1 million opening order appeared in ETH perpetual contracts. These large-scale limit orders may signal the intentions of market makers and potentially guide price movements. Due to their significant size, these orders, once triggered, will have a major impact on the market, hence the need for close monitoring. Currently, market analysts are closely watching the movements of these orders and attempting to decipher their underlying meaning. Some analyses suggest that these orders may be strategic operations by market makers aimed at guiding market price trends, or they may reflect changes in market sentiment. Regardless, these large-scale limit orders indicate a significant risk of market volatility, and investors need to exercise caution in their operations and closely monitor market changes.