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).

According to @52kskew, Bitcoin (BTC) continues to see upward price support as bids move higher to keep prices elevated. The analysis highlights that increased long positioning is being bought back, with algorithmic bids primarily driving the price up while additional bids remain layered under the current price. This activity often creates a 'game of chicken' dynamic, where traders wait to see who will act first. These trading behaviors indicate strong support for BTC in the near term, which is relevant for both spot and derivatives traders. Source: @52kskew.

According to a recent analysis on x.com, the BTC order book and order flow data indicate a significant accumulation phase, suggesting potential bullish momentum. The data reveals a notable increase in buy orders at key support levels, which could lead to upward price movement if sustained. This insight is crucial for traders considering entry points, as the market exhibits signs of strengthening buyer interest. Additionally, the order flow shows a decrease in large sell orders, further strengthening the bullish case. Traders should monitor these metrics closely to optimize their trading strategies and leverage potential market shifts.