2h TF. $BTC When smart money looks at Bitcoin, the picture is simple. The price is carefully brought to the old distribution area of 93–94k. Here, a large player previously unloaded.
Currently, there is a liquidity topping up. Retail traders are aggressively buying the breakout. At the same time, the volume profile shows that above the range it is "thin," roughly speaking, air, and below it is dense interest.
The main goal of large players is to increase open interest, collect stops above the highs, and then reverse the flow of orders from the supply zone.
As long as the price stays below 93.8k without a confident hold, attempts to overcome the level look like a classic stop hunt before the downward phase.
BTCUSDT
Perp
90,002.7
-2.68%