Bitcoin's liquidation heatmaps are becoming very interesting.
Looking at both the 24-hour and 1-week heatmaps, the largest liquidity clusters remain above the current price.
There's a significant amount of liquidity building between roughly $65,500 and $66,500, while the liquidity below price is comparatively thin.
If you're trading the heatmaps in isolation, you'd probably say Bitcoin wants to move higher.
The problem is that markets don't move on heatmaps alone.
They show where traders are positioned, not where price has to go.
Right now though, both the short-term and higher-timeframe heatmaps are pointing towards the same area above us.
That's why I'm watching these levels very closely.
If Bitcoin starts pushing into those liquidity pools, things could get very interesting very quickly. 👀 $BTC
Looking at both the 24-hour and 1-week heatmaps, the largest liquidity clusters remain above the current price.
There's a significant amount of liquidity building between roughly $65,500 and $66,500, while the liquidity below price is comparatively thin.
If you're trading the heatmaps in isolation, you'd probably say Bitcoin wants to move higher.
The problem is that markets don't move on heatmaps alone.
They show where traders are positioned, not where price has to go.
Right now though, both the short-term and higher-timeframe heatmaps are pointing towards the same area above us.
That's why I'm watching these levels very closely.
If Bitcoin starts pushing into those liquidity pools, things could get very interesting very quickly. 👀 $BTC