Bitcoin Bids Cluster Near $81,000-$82,750 as Sell Orders Rise Above $83,368

Bitcoin (BTC) showed stronger visible demand below $83,000 on Oct. 7, with queued bids exceeding asks in two market snapshots as sell orders gathered between $83,368 and $84,204.

A four-exchange reading from 10:30 to 10:45 a.m. ET (14:30-14:45 UTC) showed $89.28 million in bids and $61.57 million in asks. The largest named buy wall was between $82,540 and $82,953, holding $73.24 million.

The same snapshot showed sell orders worth $17.40 million between $83,368 and $83,785, followed by another $7.44 million between $83,785 and $84,204.

A separate six-venue reading at 11 a.m. ET (15:00 UTC) placed Bitcoin at $82,905 and showed $94 million in bids versus $66.1 million in asks within 1% of the midpoint. The largest nearby bid was at $82,750, valued at $10.5 million, while the largest nearby ask was at $89,000, valued at $11.8 million.

The readings cover different exchanges, times and methods, so they do not represent one consolidated market total. Displayed bids and asks can also be canceled or moved before execution, and the data show visible liquidity rather than confirmed purchases or sales.

The largest Binance spot bids were at $81,000-$81,250, while the nearest large liquidation cluster extended from approximately $81,700 to $83,300. The largest bid block was at $81,000-$81,250 and had remained there since Oct. 3.

An on-chain distribution showed 121,000 BTC between $81,500 and $82,500, followed by 1.15 million BTC around the former $81,300 range high. It also placed 1.39 million BTC of cost-basis supply between $84,000 and $86,500.

The seven-day average for combined Bitcoin spot-exchange and U.S. spot exchange-traded fund volume was about $6.8 billion. Bitcoin futures open interest fell from more than 700,000 BTC on Sept. 21 to 644,000 BTC on Sept. 29.

The latest readings extend the support area discussed in earlier coverage of Bitcoin’s $82,000 support test, while adding more precise snapshots of liquidity around the market.