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BITCOIN ORDER BOOK WALLS

Which big orders actually hold?

The large offers queued to buy and to sell, how long they typically stand, and what happens to the ones that go.

Usually daily
  1. Which big orders are standing right now?

    $20.6m
    queued to buy around $77,743
    Present through the whole window we measure.
    $42.6m
    queued to sell around $78,522
    Present through the whole window we measure.

    An order is only named here once its size has held across the last hour of readings, so nothing that flashed into a single snapshot appears. Today’s price is $78,408, merged across the 4 exchanges whose books we keep.

  2. How long do they last, and what ends them?

    4.8 h
    How long the typical wall lasts
    Half of them are gone sooner than this, half last longer.
    7%
    Gone within half an hour
    Flashing up and vanishing inside half an hour is the exception here, not the rule.
    88%
    Still there after an hour
    The longest one we have recorded stood for 89 hours.

    Of the walls that have gone, the price reached 43% of them before they disappeared. Another 39% vanished while the price was somewhere else entirely, so those orders were taken away rather than met. The remaining 18% we cannot call either way, and we would rather say so than pick the answer that reads better.

    PriceSideSizeWhat happenedStood for
    $78,915 to $79,310sellgone, cannot tell45 min
    $78,915 to $79,310sell$18.4Mappeared15 min
    $78,131 to $78,522buy$32.7Mappeared15 min
    $78,131 to $78,522sellgone, the price reached it1.8 h
    $78,131 to $78,522sell$13.2Mappeared15 min
    $77,743 to $78,131buy$42.7Mappeared15 min
    $78,915 to $79,310sellgone, cannot tell60 min
    $77,743 to $78,131buygone, taken away4.3 h
    $78,915 to $79,310sell$22.4Mappeared15 min
    $78,131 to $78,522buygone, the price reached it20.0 h
    $77,743 to $78,131buy$53.8Mappeared15 min
    $79,310 to $79,707sellgone, taken away23.0 h
    $78,131 to $78,522buy$38.1Mmoved
    $78,915 to $79,310sellgone, cannot tell2.8 h
    $78,522 to $78,915sell$16.3Mappeared15 min
    $78,915 to $79,310sell$22.5Mappeared15 min
    $78,915 to $79,310buygone, the price reached it2.3 h
    $79,707 to $80,105sellgone, taken away4.0 h
    $78,915 to $79,310buy$36.8M peaked $59.8Mappeared15 min
    $79,707 to $80,105sell$8.9Mappeared15 min
    $78,915 to $79,310buygone, the price reached it3.5 h
    $79,707 to $80,105sellgone, taken away7.5 h
    $78,915 to $79,310buy$31.9Mappeared15 min
    $79,707 to $80,105sell$11.6Mmoved
    $79,707 to $80,105sellgone, taken away12.8 h
    $78,915 to $79,310buygone, the price reached it10.8 h
    $78,915 to $79,310sell$23.1Mappeared15 min
    $80,105 to $80,506sellgone, taken away38.8 h
    $79,310 to $79,707buygone, the price reached it13.3 h
    $78,522 to $78,915buy$27.8Mappeared15 min

    Measured across 858 walls since we started keeping this record. A dash in place of a size is a wall that has gone, so there is nothing left to measure. Where a size is shown, that much was still queued when we last looked.

  3. Is the queue more patient than it used to be?

    The chart above is the typical life of a wall, day by day, since 2026-07-02. A rising line means big orders are being left in place longer. A falling one means more of them are being taken away before the price gets anywhere near, which tends to happen when the market is moving quickly and nobody wants to leave money standing in front of it.

  4. What does this mean for you?

    Mostly it is a warning about a popular idea. A big order sitting under the price looks like a floor, and people trade as though it is one, but an order can be cancelled at any moment before the price arrives. The record on this page is the honest version: some of them hold, plenty do not, and the ones that go tend to go exactly when they would have mattered. Treat a wall as a plan somebody has, never as a promise the market has made.

Where buyers and sellers are waiting
The whole queue at once, including the walls this page follows through time.
What a big order would cost
How far a large order at market has to walk before it is filled.
Where owners bought
The price each coin last changed hands at, which is a different kind of wall entirely.

Understanding Bitcoin Order Book Walls

Where it stands today

On Bitcoin's order book, a big resting order typically stands for 4.8 hours before being filled or withdrawn as of .

A price with an unusually large amount of money queued at it gets called a wall. The idea is that it might act as a floor under the price or a ceiling over it. The problem with that idea is that anyone can cancel an offer at any moment, so most of what looks like a floor on a single snapshot was never going to be one.

That is why this page is a record rather than a picture. Every fifteen minutes we check which walls are still standing. A wall only gets named at all once its size has held across the last hour of readings, so an order that flashes into one snapshot and disappears never earns the word. The size shown is what was genuinely present through the whole window, not the largest figure it briefly touched, and where an order did spike we print that peak beside it.

When a wall goes, we look at where the price actually went. If the price reached that level on most of the exchanges we watch, we say the price reached it. If the price was demonstrably somewhere else, the order was pulled. Plenty of the time neither is clear and the page says so, because an unknown that admits itself is worth more than a guess that does not.

Note the careful wording. We say the price reached a wall, never that the wall was eaten. A book tells you what was offered and a candle tells you where the price went; neither one tells you that a particular order was the one that traded. The chart tracks how long walls last from one day to the next, which is the reading that says whether the queue is currently made of patient money or of orders that keep being withdrawn.

One more limit worth knowing. The prices we use to judge a vanished wall come from a slightly wider set of exchanges than the books themselves. For Bitcoin that is fair, because the venues track each other to within hundredths of a percent, but it is a join between two records rather than one, and it is the reason we ask three of them to agree before calling anything.