$BTC We mostly bottomed shortly after the Mid-Terms.
This time, however, we're seeing a different setup. BTC has already bottomed before the Mid-Terms and has been dumping into the event for the last 4 weeks.
From a structural perspective, we've already swept most of the meaningful liquidity sitting towards the downside, while consistently front-running the highs and leaving a significant amount of buy-side liquidity untouched.
This creates an interesting imbalance in the liquidity profile.
The market has spent weeks pricing in fear, forcing people out of their positions and building a bearish bias while the liquidity resting above remains largely unclaimed.
Now, that Buy-Side Liquidity becomes the next logical target.
Fear is leading Greed right now and that's exactly when we get the most aggressive reversals to catch the majority off guard.
This time, however, we're seeing a different setup. BTC has already bottomed before the Mid-Terms and has been dumping into the event for the last 4 weeks.
From a structural perspective, we've already swept most of the meaningful liquidity sitting towards the downside, while consistently front-running the highs and leaving a significant amount of buy-side liquidity untouched.
This creates an interesting imbalance in the liquidity profile.
The market has spent weeks pricing in fear, forcing people out of their positions and building a bearish bias while the liquidity resting above remains largely unclaimed.
Now, that Buy-Side Liquidity becomes the next logical target.
Fear is leading Greed right now and that's exactly when we get the most aggressive reversals to catch the majority off guard.
