#BTC A liquidity grab.
Bitcoin's price action exhibited some "classic" movements around the weekly close on May 18.
A rise to new multi-month highs near $107,000 was followed by a 4% correction within hours, according to data from Cointelegraph Markets Pro and TradingView.
The rally swept away a block of liquidity located near all-time highs; the BTC/USD pair executed a liquidity "capture" designed to first squeeze the shorts and then trap the late longs.
