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Bit360

06/17 04:31

Liquidity squeeze traps Bitcoin


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.
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