FUTURES LIQUIDITY BECOMES A DRIVER FOR BITCOIN 📈
After a period of spot dominance in microstructural price action, the order book’s liquidation pattern is likely to make BTC follow liquidity grabs in the short term.
Today, the price is squeezed between three ranges.
Above, there’s a smaller concentration near $84.5K and the densest area on the map, around $87–88K, which has remained intact since the beginning of the month.
Below, there’s the range just under $80K, which the price has already touched at a low of $79.7K, but hasn’t completely cleared.
These areas may become clearer over the next 3–5 days, and the price may pursue the closure of these orders.
In this case, the upper ranges may have the greatest density and act as a magnet.
After a period of spot dominance in microstructural price action, the order book’s liquidation pattern is likely to make BTC follow liquidity grabs in the short term.
Today, the price is squeezed between three ranges.
Above, there’s a smaller concentration near $84.5K and the densest area on the map, around $87–88K, which has remained intact since the beginning of the month.
Below, there’s the range just under $80K, which the price has already touched at a low of $79.7K, but hasn’t completely cleared.
These areas may become clearer over the next 3–5 days, and the price may pursue the closure of these orders.
In this case, the upper ranges may have the greatest density and act as a magnet.