The current Bitcoin (BTC) market resembles an iceberg, with visible seller dominance that reflects a bearish sentiment while hidden beneath is a group of bargain hunters poised to buy at lower price levels. Recent data from Hyblock Capital points to an uptrend in seller activity at the quote level, where prices have recently fallen from over $102,000 to approximately $94,000 due to renewed inflation concerns in the U.S. However, deeper levels of the market show increased demand for BTC, particularly between the 2% to 5% range of the order book, indicating that buyers are waiting to place bids at these lower levels. As of now, Bitcoin trades around $94,000, with traders anticipating further direction from upcoming U.S. nonfarm payroll releases.

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