Bitcoin $BTC had its usual Sunday volatility spike, briefly hitting $107K before dropping back to $102K. This type of movement often aligns with the CME futures market reopening, which struggles to match the 24/7 nature of crypto. But this weekend was different.
Instead of following retail traders, the price jump started on CME—hinting at institutional hands behind the move. While I $BTC
BTC failed to break through a key resistance for the third time, this rejection might not be as bearish as it looks.
Interestingly, there was no weekend "gap" on CME charts this time, and liquidity got wiped out in both directions, forming a critical inflection point. Now, the order book shows weak resistance up to $110K, but stronger support down to $. That imbalance could set the stage for a breakout to new highs—especially with minimal liquidity overhead.
Still, we can't ignore the flip side. This could’ve been a calculated stop-loss hunt—pushing short sellers to close out positions, creating a temporary price pump before larger shorts are opened.
Bottom line? Whether it’s a trap or a trigger, $BTC is sitting near record highs with thin liquidity. One solid catalyst could be all it takes for the next leg up.
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