A CoinGlass report revealed that Bitcoin is currently trading in a “liquidity sandwich”—a condition where liquidity clusters sit both above and below the asset’s price.
Liquidity clusters are price levels with a high concentration of unfilled market orders. These levels act like magnets, drawing price toward them.
In Bitcoin’s current case, the upper cluster lies around $107,000, and the lower one sits near $104,000. This positioning puts Bitcoin in a tight spot, where a breakout or breakdown could occur.
To determine the likely direction, Analyst analyzed whale and spot trading activity.
#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge
All Comments0LatestHot
No records