Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2.5% decline. According to liquidation data from Coinglass, this decline has seen $65.47 million worth of positions liquidated, with the majority ($54.10 million) being long positions. Crypto analyst Kevin (Kev_Capital_TA) noted a significant range between $96,000 and $111,000, calling it the most pivotal zone on Bitcoin’s liquidation heatmap. This zone could determine the market’s next trajectory after months of back and forth movement trading between this range. Bitcoin’s Liquidity Heatmap Highlights Key Levels According to Kevin’s analysis, which he posted on social media platform X, large liquidity blocks dominate the range between $96,000 and $111,000, which has created an important zone for Bitcoin traders to keep an eye on. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Liquidity heatmaps visualize areas where buy and sell orders accumulate, often serving as potential reversal or breakout points. The presence of significant liquidity in this range suggests that the market could ..
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