Shorts are stacking up over the weekend, divergences forming, liquidity pools building above and below. Classic setup where both sides get wrecked before the real move. Betting on a direction here is just donating to market makers.
$BTC dumped to $77,100 yesterday after the $79,400 pump on Tuesday, liquidating $208M longs!
That's now $316M liquidated in the past 24 hours!!!
Now, $74,500 - $76,500 has sizable liquidity that could be swept.
However, $78,500 - $82,000 above has slightly larger liquidation clusters built up, making this the 'more likely' area to visit next from a liquidity perspective.