The liquidation heatmap of the past week showed that the $106k and the $98.6k were the strongest magnetic zones nearby.
A build-up of liquidity was also seen at $102.4k and $100.3k, and these regions were closer to the market price than the $106k level.
Combined with the slump in the OBV and the price’s dip below the mid-range level, another Bitcoin drop appeared likely. The liquidation levels to the south suggested that a price dip to $100.3k, or as deep as $98.6k, could be brewing.