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Bitcoin's $50M buy order near $81K canceled, leading to price drop below support level.

Market News
10 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin's $50M buy order near $81K canceled, leading to price drop below support level.

A significant $50 million Bitcoin buy order near $81,000 was canceled after the market approached it on October 8, removing crucial support. Shortly after the cancellation, Bitcoin's price fell below the original buy order level, dropping to around $80,351 by early October 9. The removal shifted market pressure from a net buying advantage to increased selling pressure, impacting Bitcoin's price stability. This move highlights the influence of large buy orders on Bitcoin's price support and market dynamics.

Bitcoin's buy wall near $81,000 is the subject, with Pluang market data provided as context for readers. As of Oct 10, 2026 11:02 WIB, among 50 major cryptocurrencies on Pluang, 35 rose and 14 fell today. Notable movers include ONE (Harmony) down 4.95% at Rp37 with 90% buy order activity, AXS (Axie Infinity) up 4.67% at Rp21,773 with 89% buy order activity, and ZIL (Zilliqa) up 4.51% at Rp62 despite 61% sell order activity. The most notable figure is ONE's 90% buy order activity.

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