Bitcoin Liquidity Grab Odds Are Increasing As BTC/USD Consolidates
Bitcoin (BTC) traders face potential losses due to volatile price movements. Current exchange order book data indicates conditions for liquidity grabs up to $111,000. Bitcoin is maintaining the $105,000 level after a rebound linked to a Middle East ceasefire. As BTC consolidates, liquidity is increasing on both sides of the spot price, often leading to a liquidity grab. Analyst Mark Cullen predicts a possible rise to the $107,000 range before a pullback to liquidate positions below $105,000. Upside liquidity near all-time highs is significant, with $111,000 seen as a likely target. Conversely, $103,000 is identified as a critical level for potential downside movement. Upcoming US macroeconomic data and the monthly candle close are expected to influence volatility. A monthly close above approximately $102,400 would indicate a breakout from the current range.
