Why Bitcoin Price Could Head Down to $102K, According to Charts
The post Why Bitcoin Price Could Head Down to $102K, According to Charts appeared on BitcoinEthereumNews.com. Bitcoin USD may look stable above $108,000, however, under the surface, it’s anything but. According to new liquidation heatmaps and leverage data, the market appears to be laying the groundwork for a two-sided liquidation event that could drag the price of Bitcoin back toward the $102K zone. Analysts tracking derivatives flow say the current calm may be masking one of the most tightly engineered wipeout setups since Q1 2024. On-chain and trading data suggest the recent push to $108K might be a final liquidity sweep, not a clean breakout. Heatmaps Show Longs and Shorts Piled on Both Ends Liquidation maps reveal a classic trap: short liquidations loaded from $108K to $110K, and a dense cluster of long liquidations sitting under $102K. This pattern often precedes what traders call a “liquidity sandwich,” where BTC price spikes in both directions to flush out overleveraged positions. Bitcoin liquidation map- Source: X This liquidation stack shows how traders betting on both sides of Bitcoin USD may be walking into a trap. The danger? If Bitcoin sweeps short liquidations first (to $109K+), it opens the door for a sharp reversal that punishes late longs, triggering a chain reaction that pushes the market toward the $102K long wall. Funding Rates Turn Positive, But It’s a Trap Bitcoin’s OI-weighted funding rate is rising again, flipping green across major timeframes. At face value, that implies bullish sentiment; more traders are paying to hold long positions. But context matters. The issue isn’t that funding is positive; it’s who’s getting long, and when. Price has barely moved during this shift, while open interest remains flat. That means leverage is building without real momentum. These “hope longs” are often the first to be liquidated. OI-Weighted Funding Rate- Source: Coinglass This becomes especially risky when paired with liquidation heatmaps showing dense short…
The post Why Bitcoin Price Could Head Down to $102K, According to Charts appeared on BitcoinEthereumNews.com.
Bitcoin USD may look stable above $108,000, however, under the surface, it’s anything but. According to new liquidation heatmaps and leverage data, the market appears to be laying the groundwork for a two-sided liquidation event that could drag the price of Bitcoin back toward the $102K zone. Analysts tracking derivatives flow say the current calm may be masking one of the most tightly engineered wipeout setups since Q1 2024. On-chain and trading data suggest the recent push to $108K might be a final liquidity sweep, not a clean breakout. Heatmaps Show Longs and Shorts Piled on Both Ends Liquidation maps reveal a classic trap: short liquidations loaded from $108K to $110K, and a dense cluster of long liquidations sitting under $102K. This pattern often precedes what traders call a “liquidity sandwich,” where BTC price spikes in both directions to flush out overleveraged positions. Bitcoin liquidation map- Source: X This liquidation stack shows how traders betting on both sides of Bitcoin USD may be walking into a trap. The danger? If Bitcoin sweeps short liquidations first (to $109K+), it opens the door for a sharp reversal that punishes late longs, triggering a chain reaction that pushes the market toward the $102K long wall. Funding Rates Turn Positive, But It’s a Trap Bitcoin’s OI-weighted funding rate is rising again, flipping green across major timeframes. At face value, that implies bullish sentiment; more traders are paying to hold long positions. But context matters. The issue isn’t that funding is positive; it’s who’s getting long, and when. Price has barely moved during this shift, while open interest remains flat. That means leverage is building without real momentum. These “hope longs” are often the first to be liquidated. OI-Weighted Funding Rate- Source: Coinglass This becomes especially risky when paired with liquidation heatmaps showing dense short…
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