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BITCOIN LIQUIDATION HEATMAP UPDATE
Bitcoin is currently sitting around the $64,500 area after briefly pushing into the $65,000 liquidity zone and failing to break through.
Looking across the 12-hour, 24-hour, and 3-day liquidation heatmaps, the biggest takeaway is that liquidity is building on both sides of price, but the most important clusters are still sitting above us.
The short-term heatmap (12H) shows a strong concentration of liquidity around the $65,000–$65,700 region.
This lines up perfectly with the rejection we saw on the 4H chart.
Bitcoin pushed into that area, tapped the liquidity sitting above, and was immediately met with selling pressure.
This tells us there are still plenty of short positions waiting to be squeezed above current levels, but bulls need to reclaim this zone with strength before we can expect a larger move higher.
Looking further out on the 24H and 3D heatmaps, the picture becomes more interesting.
Above price:
• $65,000–$65,700 remains the first major liquidity pocket
• $67,000–$68,000 holds the next significant cluster
Below price:
• $64,000 is now the key short-term area to defend
• $63,000–$62,500 contains another meaningful liquidity zone
• The larger downside liquidity pool remains closer to the $61,000 region
The important thing here is that Bitcoin has already reclaimed $64,000 and is now consolidating underneath resistance rather than breaking down.
That changes the structure.
A move back into $65,000–$65,700 would likely be the first area where we see whether buyers have enough strength to absorb the remaining sell pressure.
If Bitcoin breaks and holds above $65,700, the heatmap suggests the next liquidity magnet sits higher around the $67,000–$68,000 range.
However, losing $64,000 would likely open the door for a sweep lower into the $63,000 area, where a large amount of resting liquidity remains.
Our current view:
Bitcoin is in a liquidity battle.
The market has cleared some downside pressure, reclaimed an important support level, and is now testing the first major resistance zone.
The next move is likely determined by whether bulls can absorb the liquidity sitting above $65K or whether price needs another sweep lower before continuing higher.
For now, $64,000 remains the level we want to see defended.
A clean reclaim of $65,700 would be the signal that momentum is shifting back in favour of buyers.

BTC Volume Overview Update
Bitcoin is holding around the $64,300 region, but the volume data gives a deeper look into what is happening beneath the price.
Over the last 24 hours:
Futures Volume: $49.69B (-2.82%)
Spot Volume: $3.10B (-16.28%)
The key observation is that derivatives activity remains significantly higher than spot activity.
Futures markets continue to account for the majority of BTC trading activity, while spot volume has cooled. This suggests traders are actively positioning around current levels, but spot participation has not yet expanded at the same pace.
Looking at the shorter timeframe:
BTC Price: $64,499 (+0.42%)
4H Futures Volume: $5.69B (+6.02%)
4H Spot Volume: $376.69M (-9.28%)
Bitcoin has been able to hold higher levels despite spot volume declining, which shows there is currently no major wave of aggressive selling entering the market.
However, for a stronger continuation higher, we would ideally want to see spot volume increase alongside price.
That would indicate broader demand rather than price movement being driven primarily by derivatives positioning.
Looking at the longer-term volume structure:
30D Futures Volume:
$1.35T
30D Spot Volume:
$93.84B
Futures Taker Flow:
Buy: $672.73B
Sell: $673.65B
Spot Taker Flow:
Buy: $46.64B
Sell: $47.21B
Both futures and spot taker activity remain extremely balanced.
Current buy/sell dominance:
Futures Buyers: 50.64%
Futures Sellers: 50.03%
Spot Buyers: 53.35%
Spot Sellers: 50.30%
There is a slight advantage on the buying side, but no significant imbalance has emerged yet.
Exchange data shows Binance remains the largest BTC liquidity venue:
Binance: 26.26%
Followed by MEXC, OKX, Coinbase, and Bybit.
The bigger picture:
Bitcoin is seeing improving market activity, but the volume profile is not showing a confirmed breakout signal yet.
The next major confirmation would be spot participation catching up with derivatives activity.
If that happens while BTC continues holding above $64K, it would strengthen the case for further upside.
Until then, the data suggests the market is positioning, but still waiting for stronger confirmation.
We’ll continue tracking the volume flows as they develop.

Bitcoin ETF Flows Update: Institutional Demand Returns
As part of today’s Chart House Research analysis, we have been studying the latest Bitcoin spot ETF flows to understand what institutional positioning is showing beneath the surface.
This is one of the most important pieces of the market puzzle because ETF flows give us insight into whether larger players are increasing or reducing their Bitcoin exposure.
The latest data shows institutional demand has returned following a period of outflows.
On August 4th, Bitcoin spot ETFs recorded approximately +3.33K BTC in net inflows.
The largest contributor was BlackRock’s IBIT, adding around +2.68K BTC, followed by:
Fidelity FBTC: +308 BTC
ARKB: +145 BTC
Bitwise BITB: +137 BTC
MSBT: +58 BTC
This follows another positive session on August 3rd, where ETFs recorded approximately +2.68K BTC in net inflows.
The timing is important.
Over the previous week, ETF flows experienced periods of selling pressure:
July 31st: -4.10K BTC net outflow
July 29th: approximately -2.68K BTC net outflow
July 24th: approximately -3.69K BTC net outflow
Despite this short-term weakness, institutional demand has started to stabilise again.
Since launch, Bitcoin ETFs have accumulated approximately +646.83K BTC in total net inflows, showing that traditional financial institutions continue to build exposure to Bitcoin over the longer term.
Looking at the bigger market picture we have analysed today:
• Bitcoin price structure remains around key levels.
• Liquidation heat maps show significant liquidity positioned around the current range.
• Open interest has increased, showing leverage is returning.
• Funding rates remain positive but controlled.
• USDT liquidity has contracted, showing a more cautious market environment.
The interesting part is the contrast between retail positioning and institutional behaviour.
While traders have become more defensive and liquidity conditions have tightened, ETF data suggests larger players have not stepped away.
This is exactly why we continue analysing multiple data points together.
One metric alone rarely tells the full story.
The next thing we are monitoring is whether ETF inflows continue building from here.
If institutional accumulation continues while leverage remains controlled, it would provide a much stronger foundation for Bitcoin’s next major move.
At Chart House Research, our focus is always on understanding the market before reacting to it.
Price shows the move.
Liquidity shows the fuel.
ETF flows show who is behind it.

BITCOIN FUNDING RATE UPDATE
After analysing Bitcoin’s open interest, liquidation heat maps, and current price structure, we now look at funding rates to understand how traders are positioned beneath the surface.
Funding rates remain relatively controlled across major exchanges, with BTC funding sitting slightly positive but nowhere near levels that would suggest excessive long positioning.
Current BTC funding:
Binance: +0.0011%
OKX: +0.0043%
Bybit: +0.0066%
KuCoin: +0.0025%
MEXC: +0.0011%
The first thing that stands out is that funding remains positive, but the market is not showing the type of aggressive long leverage that usually appears before a major liquidation event.
This is important because open interest has recently increased, meaning more positions are being added into the market.
The key question is whether that leverage is becoming crowded.
At the moment, funding does not suggest that traders are heavily chasing the upside. Instead, positioning appears relatively balanced, with longs paying a small premium to shorts rather than an overheated market environment.
Looking back at the liquidation heat maps, we can see liquidity building on both sides of price.
There is notable liquidity sitting above the current range, while downside liquidity remains positioned around key support areas.
This creates a situation where Bitcoin may continue to move towards liquidity clusters rather than immediately following a directional trend.
The current market structure:
• Open interest is rising and leverage is returning.
• Funding remains positive but controlled but longs are not yet overcrowded.
• Liquidation levels are stacked both above and below which means volatility remains the main factor to watch.
Our main focus from here is whether funding begins expanding alongside open interest.
If open interest continues rising while funding remains stable, it suggests leverage is entering without excessive speculation.
If funding starts accelerating higher, that would indicate traders are becoming more aggressive and the probability of a leverage flush increases.
For now, funding rates are giving us another piece of the puzzle:
The market is building positioning, but we are not seeing the extreme imbalance that often precedes major volatility.
As always, we are watching the combination of price action, liquidity, leverage, and positioning rather than relying on one metric alone.

BITCOIN OPEN INTEREST UPDATE: LEVERAGE IS RETURNING — BUT WHO IS POSITIONING?
After analysing Bitcoin’s 4H structure, the 1H price action, and the latest liquidation heatmaps, we wanted to take a closer look at the open interest data to understand what is happening beneath the surface.
Bitcoin is currently trading around the $64,000 area, which has become a key battle zone after reclaiming and holding this level.
The latest data shows total Bitcoin open interest has climbed to 765.82K BTC, representing approximately $49.24B in total positions.
Over the past 24 hours, open interest has increased by +2.26%.
At first glance, rising open interest suggests traders are becoming more active and leverage is returning to the market.
But the important question is not simply whether Open interest is rising.
The question is whether Bitcoin is building healthy positioning or creating a crowded leverage environment that could fuel volatility.
Looking deeper into the exchanges, CME stands out.
CME open interest has increased:
• +6.94% over the last 24 hours
• +6.08% over the last 4 hours
This is a notable move because CME typically represents more institutional participation compared to purely retail-focused exchanges.
Meanwhile, Binance remains the largest exchange by open interest with approximately $9.56B in positions, but its increase has been much more modest at +0.31% over 24 hours.
This tells us that while leverage is increasing across the market, a significant part of the recent positioning is coming from CME rather than just retail speculation.
Looking at the broader exchange picture:
• MEXC: +2.67% (24H)
• Gate: +5.33% (24H)
• Bybit: +2.86% (24H)
• Bitget: +3.66% (24H)
Several exchanges are seeing positioning build, but not all of it is happening aggressively.
The key thing we are monitoring now is how Bitcoin reacts around the $64,000 level while open interest continues to rise.
If price holds support while OI builds, it suggests the market is absorbing new positions.
If price loses support while leverage remains elevated, the risk of a long liquidation event increases.
Combined with the liquidation heatmap data, the market currently has liquidity sitting both above and below price, meaning Bitcoin may continue searching for the area with the most trapped positions before choosing its next larger move.
For us, the main takeaway is simple:
Open interest is increasing, but the next move will likely be determined by how price responds to this fresh leverage.
The next data points we’re watching closely:
• Bitcoin holding $64,000 support
• Whether OI continues rising or starts unwinding
• Whether liquidity above $65,000 begins getting targeted
• Whether leverage becomes excessive around current levels
As always, we’re not trying to predict the market.
We’re tracking where positioning, liquidity, and risk are building so you guys can make more informed decisions.

BITCOIN LIQUIDATION HEATMAP UPDATE:
WHERE IS THE NEXT MAJOR MOVE COMING FROM?
We spent time studying Bitcoin’s 12-hour and 3-day liquidation heat maps to understand where liquidity is building, where volatility could be triggered, and which levels could become important for Bitcoin’s next major move.
The main takeaway is that Bitcoin is currently sitting in a liquidity battle zone.
Price is hovering around the $64,000 area, which has become a key decision point after Bitcoin previously reclaimed and held this level as support.
Looking at the 12-hour liquidation heat map, the short-term liquidity picture shows a clear concentration of liquidity building above current price.
The biggest nearby liquidity pocket sits around the $64,800-$65,000 region.
This is the first area we would be watching if Bitcoin begins pushing higher, as a move into this zone could trigger short liquidations and create additional momentum.
However, the market is not one-sided.
Below price, there is also liquidity building around the $63,500-$63,800 area.
This means the market still has fuel in both directions, and Bitcoin could look to sweep either side before deciding on a larger move.
The 3-day liquidation heat map gives us the bigger picture.
The larger liquidity clusters remain positioned around the $65,000-$66,000 region above, while significant liquidity remains lower around the $62,000-$63,000 area.
This creates a clear range where Bitcoin is currently trapped between two major liquidity zones.
The important thing to understand is that liquidation heat maps do not predict direction.
They show where leverage is concentrated and where volatility is more likely to occur.
Historically, Bitcoin often moves towards areas with large liquidity because those zones contain clusters of leveraged positions that can accelerate price movement once triggered.
From a market structure perspective, the key levels remain:
Resistance:
$64,800-$65,000 liquidity zone
$65,700 resistance
Support:
$64,000 key level
$63,000 downside liquidity area
Another factor we are monitoring is the improving geopolitical backdrop.
Reports that the US and Iran are working towards a deal involving the Strait of Hormuz have helped reduce some uncertainty across markets.
If tensions continue easing, this could support broader risk assets and potentially put further pressure on oil prices.
For Bitcoin, the next major move likely comes from whichever liquidity pool gets targeted first.
We are not trying to force a bullish or bearish narrative.
Our focus is simply understanding where the market is positioned, where traders are exposed, and where volatility is most likely to appear.
Bitcoin is currently sitting at a level where patience matters.
The next directional move will likely come once Bitcoin breaks this range and forces one side of the market to unwind.
This is exactly why we combine liquidation data with technical structure, open interest, funding rates, and volume.
The heatmap shows where leverage is positioned.
The chart shows where price is reacting.
Together, they give us a clearer understanding of where volatility is most likely to appear before the majority of traders see it.