BlockBeats News, August 23rd, HODL15Capital data shows that sell orders around $80,000 for Bitcoin are mainly coming from the Binance exchange. There are approximately $31.98 million in sell orders near $79,945 on the Binance platform, around $13.2 million in sell orders near $80,000, and around $33.27 million in sell orders near $82,500. On Coinbase, there are about $38.74 million in sell orders near $80,000.

HODL15Capital analysis stated that some of these sell orders have been on the order book for quite some time, for example, the sell orders around $80,000 on Binance have been there for about 99 days, and the sell orders around $82,500 have been there for about 108 days. Therefore, it is believed that the current sell walls may not be as strong as they seem. It is necessary to wait for BTC to approach $80,000 more closely to confirm whether these orders are indeed intended to sell or if the sell orders will continue to move up.