Market Structure × Liquidation Confluence
BTC remains under sell-side control following multiple downside BOS events and a confirmed CHoCH at the lows. Rallies continue to form IDMs but fail to reclaim prior structure, validating bearish continuation rather than reversal.
From a positioning perspective, CoinGlass liquidation data shows heavy long leverage stacked below current price, aligning perfectly with the structural bias. These liquidation clusters act as downside liquidity magnets, explaining the persistent acceleration once support levels fail.
Sell-side POIs above remain unmitigated, confirming prior distribution and reinforcing the bearish macro narrative. Until price reclaims structure with acceptance, pullbacks are corrective and best viewed as short-side opportunities.
Bias: Sell-side
Execution: Shorts on IDM / minor supply
Targets: Long liquidation clusters aligned with structural lows
Invalidation: Clean reclaim above last BOS
Structure defines direction.
Liquidations provide fuel.
Trade the confluence.
