๐ $BTC | On-Chain & Liquidity (07-Oct)
๐น CEX Reserves: 2,668,700 BTC (-0.45%)โณ Strong outflow toward the local low (2.6687M BTC): Lower short-term selling pressure.
๐น Liquidity Map:โณ Highest concentration of liquidations is located in the upper area of the chart. โณ Price in a consolidation phase (~$83.53K).
๐ก Outlook:
Reduced selling pressure on CEXs, together with a significant liquidation pool above the current price, suggests a high probability of an upward expansion/sweep toward resistance to clear short positions before the next structure is defined.
#BTCFallsBelow$84K
๐น CEX Reserves: 2,668,700 BTC (-0.45%)โณ Strong outflow toward the local low (2.6687M BTC): Lower short-term selling pressure.
๐น Liquidity Map:โณ Highest concentration of liquidations is located in the upper area of the chart. โณ Price in a consolidation phase (~$83.53K).
๐ก Outlook:
Reduced selling pressure on CEXs, together with a significant liquidation pool above the current price, suggests a high probability of an upward expansion/sweep toward resistance to clear short positions before the next structure is defined.
#BTCFallsBelow$84K
