Data shows Bitcoin dip buyers waiting for lower prices: Is $70K BTC’s next stop?

1 hour ago

Bitcoin (BTC) traders person shifted their absorption little aft futures and bid publication information constituent to beardown purchaser involvement successful the $68,000-$70,000 zone.

Sell unit has accrued successful the derivatives markets and the regular bid-ask ratio fell to -0.03, showing sellers are presently much assertive than buyers arsenic traders presumption astir liquidation levels.

Bitcoin buyers clump adjacent $68,000

The disposable scope measurement illustration (VRVP) indicator shows the $68,000-$70,000 portion arsenic the astir densely traded portion connected the illustration since November 2025. High trading enactment successful that terms scope suggests astir positions were opened adjacent those levels implicit the past fewer months.

The bid publication information besides shows a bid-ask ratio of -0.03, with the metric remaining successful antagonistic territory for astir of the past period arsenic sell-side enactment continued to outweigh assertive buying pressure.

BTC/USDT price, bid-ask ratio and VPVR profile. Source: Hyblock

Liquidation information adds different unit point. The heatmap shows much than $3.4 cardinal successful cumulative agelong positions exposed adjacent $74,700. The fig rises toward $11 cardinal if Bitcoin falls to $70,000 crossed the 90-day liquidation range.

Taken together, the positioning information suggests traders are prioritizing deeper liquidity pools alternatively than chasing higher prices supra $80,000.

Bitcoin speech liquidation map. Source: CoinGlass

BTC retail longs are crowded

Crypto analytics level Hyblock noted Bitcoin retail traders are again leaning heavy bullish arsenic its “True Retail Accounts” agelong percent metric climbed supra 60%. The indicator tracks the stock of retail futures accounts holding agelong positions.

BTC/USDT, one-day chart. Source: Hyblock/X

Previous spikes into the platform’s “extreme long” portion aligned with short-term section tops during rallies toward the $78,000-$82,000 scope successful aboriginal May. The terms momentum aboriginal cooled aft retail positioning became excessively crowded.

Hyblock explained that the strongest betterment points appeared erstwhile retail traders turned aggressively bearish. Several periods erstwhile less than 35% of retail accounts held agelong positions emerged adjacent Bitcoin’s lows successful March and April, earlier BTC rebounded from the mid-$60,000 range.

Hyblock combines the retail positioning metric with a 14-period comparative spot scale (RSI) speechmaking to place sentiment extremes for BTC.

The latest speechmaking shows the TRA Long (%) adjacent 60.7%, portion the RSI stayed elevated astatine 74.9, suggesting retail traders are inactive positioned for prices adjacent $76,000. This could pb to deeper correction if BTC follows its erstwhile marketplace behavior.

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