#TradeStories
Bitcoin Market Update – May 13, 2025
Bitcoin (BTC) is currently trading at approximately $101,703, reflecting a 2.14% decline from the previous close. This downturn follows a recent peak of $105,525, as traders anticipate the upcoming U.S. Consumer Price Index (CPI) report.
In the past 24 hours, the crypto market experienced significant liquidations totaling around $713 million, with BTC accounting for $201.09 million. This surge in liquidations indicates heightened market volatility and caution among leveraged traders.
The liquidation heatmap reveals substantial resistance near the $104,000–$106,000 range, suggesting potential challenges for BTC to break above this zone in the short term.
Trade Signal: Given the current market dynamics, consider a short position on BTC with an entry around $102,000, targeting a support level near $98,000. Implement a stop-loss at $104,500 to manage potential upside risks.
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