Bears In Trouble? Bitcoin Liquidity Signals A Brutal Squeeze To $111,000

Bitcoin’s price is currently below the crucial resistance at $96,500, but the liquidation heatmap on Binance’s BTC/USDT pair is indicating a potential short squeeze to the upside. Analyst Kevin shared his insights, noting significant liquidity pools forming both above and below Bitcoin’s current trading range.

The data suggests that large liquidity is stacked around the 91K region and near the 111K mark. Kevin forecasts a potential move to the 111K level due to the massive cluster of liquidity in that area.

The liquidation heatmap shows where leveraged positions are likely to be force-closed if the price reaches certain levels. Currently, there are billions of dollars in potential liquidations concentrated at higher levels (111K) and a significant liquidity block below (around 91K).

Kevin also mentions sentiment indicators like the Fear & Greed Index, which currently reflects a “fear” reading. He believes that the emotional extremes in the market, combined with heavy positioning, could lead to a swift momentum shift higher.

At the time of writing, BTC was trading at $96,334. Kevin advises traders to focus on Bitcoin’s liquidity structure and overall market capitalization rather than individual altcoin charts. He emphasizes the importance of staying measured and calculated in a market filled with emotions and extreme sentiment.