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Analysis: Watch out for the $82,000 Long Line of Defense. If breached, market makers will sell spot to hedge, leading to accelerated downside pressure.
BlockBeats News, November 21st, On-chain data analyst Murphy issued a warning. According to Bitcoin's Unrealized Price Distribution (URPD), the truly largest sell-off range in the past three days was in the price range of $88,000 - $89,000, with a total of 64,334 BTC sold. The range with the most stacked chips did not see a significant amount of selling. The current market downturn is mostly attributed to profit-taking from chips bought at recent highs, rather than from chips bought at higher prices or held at a loss. The analyst believes that some of the selling pressure is due to short-term / high-frequency funds being forced to stop out, with a larger reason being the trading mechanism of derivatives market makers amplifying short-term volatility.
The Option Net Premium Heatmap shows that there is a significant amount of Put selling in the current $82,000 to $87,000 range. When BTC approaches $82,000, market makers are forced to buy BTC due to the trading mechanism, establishing a "bottom-feeding structure" here. However, if BTC significantly drops below $82,000, market makers' "risk exposure" will become significant, requiring a quick BTC sell-off for hedging. The analyst views $82,000 as the current long positions' lifeline. If $82,000 is breached, market makers will further sell spot to hedge, triggering a waterfall-like accelerated decline.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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