Bitcoin price eyes $112K liquidity grab as US government shutdown nears end

1 hour ago

Key takeaways:

Bitcoin terms rebounded arsenic traders expected the US authorities shutdown to extremity this week.
Bitcoin marketplace investigation sees a compression toward $112,000 aft a bullish play close.

Bitcoin (BTC) rebounded overnight, rising arsenic overmuch arsenic 5% to commercialized supra $106,000 during the Asian trading league connected Monday arsenic bulls targeted merchantability liquidity. Traders expected that the US authorities shutdown would extremity soon, lifting hazard sentiment.

Will the US authorities reopen this week?

Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD brace trading astatine $106,438 connected Bitstamp.

On Sunday, US President Donald Trump announced that astir Americans volition person a $2,000 “dividend” from the tariff revenue, sparking a late-weekend rebound.

This betterment is expected to proceed this week pursuing quality that the US Senate has reached a bipartisan deal to extremity the longest authorities shutdown successful American history, which has lasted 40 days truthful far.

Following this news, prediction markets flipped sharply, with Polymarket bettors placing the likelihood of the authorities shutdown ending betwixt Nov. 12 and Nov. 15 astatine 85%.

Just 24 hours earlier, traders saw a 63% accidental the shutdown would resistance beyond Nov. 16 and into Thanksgiving.

Odds connected rival level Kalshi are similar, estimating a 90% accidental the authorities shutdown volition extremity connected Friday, 44 days into the shutdown.

The end of the US authorities shutdown volition escaped up billions successful Treasury cash, injecting the marketplace with liquidity and boosting hazard assets, specified arsenic Bitcoin.

“It’s going to beryllium an absorbing week. Government shutdown perchance adjacent to ending,” said Bitcoin trader Daan Crypto Trades successful an X station connected X, adding:

“This would mean we’d spot a boost backmost successful liquidity and besides get economical information similar CPI and specified soon.”

The past US authorities shutdown occurred betwixt precocious December 2018 and precocious January 2019 successful Trump’s archetypal term. After it ended connected Jan. 25, 2019, Bitcoin roseate implicit 265% from $3,550 to $13,000 implicit the adjacent 5 months.

— Vivek Sen (@Vivek4real_) November 10, 2025

Liquidity clump sits supra $112,000

Several traders oculus a imaginable upward liquidity drawback with inquire orders gathering supra $112,000.

The latest information from monitoring assets CoinGlass showed the terms eating distant liquidity astir $106,000, with the bulk of involvement clustered supra $112,000.

The bulk of the liquidity is sitting betwixt $111,500 and $115,000. If the $115,000 level is broken, it could spark a liquidation squeeze, forcing abbreviated sellers to adjacent positions and driving prices toward $117,000, which is the adjacent large liquidity cluster.

“BTC is astatine resistance, backmost investigating the breached year-long trendline,” said expert AlphaBTC successful an X station connected Monday.

An accompanying illustration showed an “obvious country to people is wherever the liquidity is resting supra the aboriginal November consolidation” astir $112,000, the expert said.

“$110K-$112K is the country to ticker if Bitcoin tin propulsion done $107K resistance.”

As Cointelegraph reported, Bitcoin’s bullish play adjacent supra the 50-week SMA accrued the likelihood of BTC terms reaching $112,000 oregon higher.

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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