An orbit is a fall that keeps missing. For a circle, gravity GM/r² exactly supplies the centripetal need v²/r, giving v = √(GM/r). In low Earth orbit that is 7,673 m/s — and it is exactly 1/√2 of escape velocity: an orbit is halfway out of the well.
The demo computes √(μ/r) at a 400 km altitude (the ISS): live demo
“Astronauts float because there is no gravity up there.” — gravity in LEO is ~90% of surface; they float because they are in free fall, orbiting. cited
An orbit is a permanent near-miss. physics
On i-13, circular orbital velocity at 400 km altitude is 7,673 m/s: