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Bitcoin (BTC) Price Floor Supported by Large Buy Orders on Bitfinex: Analysis by Samson Mow | Flash News Detail | Blockchain.News
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8/5/2025 5:51:30 AM

Bitcoin (BTC) Price Floor Supported by Large Buy Orders on Bitfinex: Analysis by Samson Mow

Bitcoin (BTC) Price Floor Supported by Large Buy Orders on Bitfinex: Analysis by Samson Mow

According to Samson Mow, Bitcoin (BTC) is unlikely to ever drop to zero, as evidenced by substantial buy orders placed by Adam Back and Alistair Milne on Bitfinex for all 21 million BTC at the prices of $0.01 and $0.02 respectively. These deep-limit orders suggest long-term confidence in Bitcoin's value and provide a psychological price floor for traders, reinforcing Bitcoin's perceived stability in the crypto market (Source: @Excellion).

Source

Analysis

In a recent statement that has captured the attention of Bitcoin traders worldwide, Samson Mow, a prominent figure in the cryptocurrency space, emphasized his belief that Bitcoin will never plummet to zero. This assertion comes amid ongoing discussions about Bitcoin's long-term viability and potential price floors. According to Samson Mow's tweet on August 5, 2025, he highlighted open orders on Bitfinex placed by Adam Back and Alistair Milne for a staggering 21 million coins at extremely low prices of 1 cent and 2 cents respectively. These orders serve as a symbolic and practical backstop, suggesting strong conviction among key players that Bitcoin's value has a firm lower bound, even in the most bearish scenarios.

Bitcoin Price Analysis: Exploring Potential Support Levels and Trading Strategies

From a trading perspective, these ultra-low buy orders on Bitfinex could act as psychological support levels for Bitcoin, influencing market sentiment during volatile periods. While Bitcoin has experienced significant drawdowns in the past, such as the 2022 bear market where it dipped below $20,000 from all-time highs above $60,000, the presence of such large-scale bids at pennies per coin underscores a narrative of unbreakable resilience. Traders monitoring Bitcoin's price action should note that these orders, if triggered, would represent an enormous accumulation opportunity, potentially absorbing massive selling pressure. For instance, in a hypothetical extreme downturn, these bids could prevent a total collapse, allowing savvy investors to enter long positions at rock-bottom prices. Current market indicators, including on-chain metrics like Bitcoin's hash rate remaining robust above 500 EH/s as of recent reports, further support this bullish long-term outlook, indicating network security and miner commitment that historically correlates with price recoveries.

Trading Opportunities in BTC Pairs and Market Correlations

Delving deeper into trading opportunities, consider Bitcoin's performance across multiple pairs such as BTC/USD, BTC/ETH, and BTC/USDT on exchanges like Bitfinex. If Bitcoin approaches lower support zones, say around $30,000 based on historical pivots from 2021-2022, these cent-level orders could inspire confidence for rebound plays. Volume analysis shows that during previous dips, trading volumes spiked, with over $10 billion in daily BTC spot volume recorded on major platforms during the May 2021 crash. Traders might look for entry points using technical indicators like the Relative Strength Index (RSI) dipping below 30, signaling oversold conditions, combined with moving averages such as the 200-day EMA providing confluence for buys. Moreover, institutional flows, evidenced by spot Bitcoin ETF inflows exceeding $50 billion cumulatively since their inception in 2024, suggest that any deep correction could attract fresh capital, turning these low bids into a self-fulfilling prophecy of support.

Broader market implications tie into stock market correlations, where Bitcoin often moves in tandem with tech-heavy indices like the Nasdaq. For example, during the 2022 market downturn, Bitcoin's price mirrored Nasdaq's 30% decline, but recoveries aligned with equity rebounds. Traders eyeing cross-market opportunities could hedge Bitcoin positions with Nasdaq futures, capitalizing on positive correlations during bull runs. In terms of risk management, setting stop-losses below key supports like $40,000, while targeting resistances at $70,000, could optimize risk-reward ratios. On-chain data from sources like Glassnode reveals increasing Bitcoin hodler behavior, with over 70% of supply unmoved for more than a year as of mid-2025, reinforcing the idea that Bitcoin is far from zero-bound. This sentiment aligns with Mow's view, encouraging long-term holding strategies over speculative shorting.

Market Sentiment and Future Outlook for Bitcoin Traders

Overall, Samson Mow's commentary boosts positive market sentiment, potentially driving Bitcoin's price upward in the short term as traders digest this vote of confidence. Without real-time data at this moment, historical patterns suggest that such endorsements from influential voices often precede rallies; for instance, similar statements in 2020 preceded Bitcoin's surge to $60,000. For AI-related angles, the integration of AI in trading bots analyzing Bitcoin's order books could highlight these low bids as algorithmic buy signals, influencing AI tokens like FET or AGIX in the crypto market. In conclusion, while Bitcoin faces regulatory and macroeconomic headwinds, these strategic orders at 1-2 cents per coin provide a compelling case for its enduring value, offering traders actionable insights into support levels, volume spikes, and institutional accumulation strategies.

Samson Mow

@Excellion

Might be in HBO's #MoneyElectric. Working on nation-state #Bitcoin adoption. CEO @JAN3com , building @AquaBitcoin, CEO @Pixelmatic & creator of @InfiniteFleet.

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