A large buy wall has been formed on the Bitcoin (BTC) order book of the domestic virtual asset exchange Upbit, drawing market attention. According to Coinness market monitoring on the 9th, approximately 46 billion won worth of buy orders have been concentrated in the Bitcoin price range of 115.9 million won on the Upbit won market.
This amount represents a significant portion compared to Upbit's recent average BTC trading volume, with analysis suggesting that this buying pressure could form a strong support line in the market. Currently, BTC is trading at 111.59 million won, up 1.3% from the previous day.
In domestic cryptocurrency communities, opinions are quickly spreading that this buy wall was set up by an individual investor known as 'Wornyotti'. 'Wornyotti' is a figure who has previously influenced the market with massive financial resources and precise timing, and his position entry has directly impacted investor sentiment.
Notably, on the same day in the afternoon, a buy order of around 65 billion won was also detected in the Upbit Ethereum (ETH) market, raising the possibility of Wornyotti's comprehensive market entry. Community users are interpreting this as a symbolic activity signal based on a post titled 'Area Deployment' and an accompanying animated image.
Large-scale buying pressure within the exchange acts as a 'buy wall' that prevents price drops and can also be interpreted as a signal for future price increases. Accordingly, it is expected to have a significant impact on the short-term price movements of Bitcoin and major altcoins.
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