Bitcoin just hunted the shorts. Now where’s the next liquidity?
Bitcoin ripped through the ~$85K short-liquidity cluster and reached $87.3K. According to the data shown, roughly $1.09B was liquidated over 24H, with shorts accounting for ~$919M versus ~$167M in longs.
That’s a classic liquidity sweep: leveraged positions cluster around obvious highs/lows, and once price reaches those zones, forced liquidations can accelerate the move.
From an Elliott Wave perspective, BTC appears to be working through Wave 5 of the impulse that started near $57K. There may still be room for a smaller Wave 4 pullback followed by one final push higher.
Now I’m watching two downside liquidity zones:
• $80K–$85K: breakout longs entered here, leaving stops/liquidations below.
• $74K–$75K: the larger weekly liquidity pool and a potential deeper retracement target.
The next pullback tells the story.
A slow, overlapping correction into $80K–$85K keeps the structure constructive.
A sharp impulsive breakdown opens the path toward $74K–$75K.
Liquidity above got cleared. Now watch what’s sitting below.
$TAO $RENDER
Bitcoin ripped through the ~$85K short-liquidity cluster and reached $87.3K. According to the data shown, roughly $1.09B was liquidated over 24H, with shorts accounting for ~$919M versus ~$167M in longs.
That’s a classic liquidity sweep: leveraged positions cluster around obvious highs/lows, and once price reaches those zones, forced liquidations can accelerate the move.
From an Elliott Wave perspective, BTC appears to be working through Wave 5 of the impulse that started near $57K. There may still be room for a smaller Wave 4 pullback followed by one final push higher.
Now I’m watching two downside liquidity zones:
• $80K–$85K: breakout longs entered here, leaving stops/liquidations below.
• $74K–$75K: the larger weekly liquidity pool and a potential deeper retracement target.
The next pullback tells the story.
A slow, overlapping correction into $80K–$85K keeps the structure constructive.
A sharp impulsive breakdown opens the path toward $74K–$75K.
Liquidity above got cleared. Now watch what’s sitting below.
$TAO $RENDER
