The latest exchange order book data from monitoring resource CoinGlass shows prime conditions for a new round of “liquidity grabs” up to $111,000.
Liquidity sets up BTC price showdown
Bitcoin continues to hold the $105,000 mark after a brisk rebound from multi-week lows, thanks to the Middle East ceasefire.
With BTC price action consolidating, however, liquidity on either side of the spot price is growing — and traditionally, this results in a snap move to neutralize it, an event often called a liquidity “grab.”
“I wouldn't be surprised to see $BTC push a little higher into the 107K's before pulling back and taking the liquidity below 105-104K with a quick wick,” popular trader and analyst Mark Cullen thus summarized to X followers on June 25.
BTC 24-hour liquidation heatmap. Source: CoinGlassCullen uploaded CoinGlass liquidity data, which tracks key price levels at which liquidation events should occur.
At the time of writing, $108,000 was also becoming a target thanks to liquidity being replenished closer to all-time highs
Zooming out, fellow trader Jelle noted that upside liquidity — especially around current all-time highs — had become more significant relative to that sitting below price, increasing the odds of a move higher.
“$111,000 looks eager to be tagged next,” he suggested while commenting on CoinGlass data.
BTC 1-month liquidation heatmap. Source: CoinGlassTrader Skew, meanwhile, flagged $103,000 as a “pivotal” level should a downside liquidity grab come
“Currently market is pretty neutral in terms of positioning, longs opening targeting higher & shorts opening here as hedges,” part of his latest X analysis explained.
“The more liquidity that gets attracted here = greater the reaction.”
Analyst flags key BTC price monthly close level
Liquidity conditions are eyeing volatility ahead of key US macroeconomic data and the monthly candle close.
Related:Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak
As Cointelegraph reported, June 27 will see the release of the Federal Reserve’s “preferred” inflation gauge amid signs that officials are open to an interest-rate cut next month.
BTC/USD monthly returns (screenshot). Source: CoinGlassWith BTC/USD overall up 1.7% in June, the exact monthly close level will be telling, trader and analyst Rekt Capital says.
“A Monthly Close above ~$102400 (blue) would confirm the Monthly Range breakout,” he wrote on X alongside an explanatory chart on June 24.
BTC/USD 1-month chart. Source: Rekt Capital/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
Bitcoin price analysis now sees up to $111K liquidity grab next
Key points:
Bitcoin (BTC) traders risk fresh losses thanks to whipsaw BTC price action next, analysis warns.
The latest exchange order book data from monitoring resource CoinGlass shows prime conditions for a new round of “liquidity grabs” up to $111,000.
Liquidity sets up BTC price showdown
Bitcoin continues to hold the $105,000 mark after a brisk rebound from multi-week lows, thanks to the Middle East ceasefire.
With BTC price action consolidating, however, liquidity on either side of the spot price is growing — and traditionally, this results in a snap move to neutralize it, an event often called a liquidity “grab.”
“I wouldn't be surprised to see $BTC push a little higher into the 107K's before pulling back and taking the liquidity below 105-104K with a quick wick,” popular trader and analyst Mark Cullen thus summarized to X followers on June 25.
At the time of writing, $108,000 was also becoming a target thanks to liquidity being replenished closer to all-time highs
Zooming out, fellow trader Jelle noted that upside liquidity — especially around current all-time highs — had become more significant relative to that sitting below price, increasing the odds of a move higher.
“$111,000 looks eager to be tagged next,” he suggested while commenting on CoinGlass data.
“Currently market is pretty neutral in terms of positioning, longs opening targeting higher & shorts opening here as hedges,” part of his latest X analysis explained.
Analyst flags key BTC price monthly close level
Liquidity conditions are eyeing volatility ahead of key US macroeconomic data and the monthly candle close.
Related: Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak
As Cointelegraph reported, June 27 will see the release of the Federal Reserve’s “preferred” inflation gauge amid signs that officials are open to an interest-rate cut next month.
“A Monthly Close above ~$102400 (blue) would confirm the Monthly Range breakout,” he wrote on X alongside an explanatory chart on June 24.