Bitcoin falls to $98K as futures liquidations soar: Should bulls expect a bounce?

1 week ago

Bitcoin’s (BTC) terms has struggled to regain momentum pursuing Wednesday’s driblet to $100,700, leaving BTC down astir 3.5% connected the play candle. Market information shows semipermanent holders person sold much than 815,000 BTC implicit the past 30 days, intensifying the absorption connected little liquidity pockets. Analysts present constituent to the June 2025 lows adjacent $98,000 arsenic the adjacent apt people if volatility accelerates.

Key takeaways:

Liquidity clusters amusement downside unit gathering adjacent $98,000 for Bitcoin.
A 4th retest of $102,000 to $100,000 enactment signals a weakening structure.
Futures trader positioning remains long-heavy contempt rising method risks.

BTC liquidity compression intensifies downside focus

Analysts tracking BTC’s liquidity representation item a widening imbalance betwixt enactment and overhead resistance. Crypto trader Daan noted that a “large clump of liquidity sits beneath the section lows astatine $98,000–$100,000,” adding that this aligns with the bid of marginally higher lows that person formed supra the zone.

Cryptocurrencies, Bitcoin Price, Investments, Markets, Cryptocurrency Exchange, Derivatives, Bitcoin Futures, Binance, Price Analysis, Market Analysis

The trader besides pointed to large upside levels astatine $108,000 and $112,000 but stressed that lone the erstwhile is presently actionable fixed the marketplace structure, with whichever set breaks archetypal apt triggering a crisp squeeze.

Futures trader Byzantine General echoed the sentiment, observing that existent terms behaviour suggests Bitcoin “is apt to expanse the lows astir $98,000”.

Supporting this view, CoinGlass data shows astir $1.3 cardinal successful cumulative agelong leveraged liquidity concentrated astatine the $98,000 level, a steep emergence from earlier successful the week, portion futures traders had antecedently aimed for upside liquidity adjacent $110,000, pursuing the caller flush beneath $100,000 past Friday.

Repeated enactment retests deepen structural risk

Bitcoin has present tested the $102,000–$100,000 enactment set for the 4th clip since the scope was archetypal established successful May 2025. Multiple retests of the aforesaid enactment often bespeak structural exhaustion: each consequent sojourn weakens purchaser conviction, reduces resting bid liquidity, and increases the likelihood of a breakdown.

Analyst UBCrypto noted that the latest determination resembled a failed breakout, adding that it is “not a level worthy buying into” until terms confirms strength, adjacent if that means re-entering a fewer percent points higher.

Despite this, information from Hyblock Capital shows that agelong positioning remains dominant, with 68.9% of planetary BTC orders leaning agelong connected Binance, indicating that galore traders proceed to spot the $100,000 floor.

However, some the regular and play charts bespeak a softness astatine higher clip frames, expanding the likelihood of a liquidity expanse toward $98,000, adjacent arsenic deeper bid publication enactment appears to beryllium stacked supra the existent price.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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