Bitcoin liquidity accumulates ahead of the Federal Reserve's decision
Among Bitcoin traders, there is anticipation of a possible short squeeze, with market positioning indicating further declines.
"The market is currently responding positively to headlines alleviating tensions (which we have also seen)," renowned trader Skew wrote in his ongoing analysis on the X platform.
Order book data from monitoring resource CoinGlass shows that if a liquidity grab occurs, the area around $103,000 is particularly likely to become a short-term price magnet.
Another trader, TheKingfisher, described the short liquidation event as "loading," with selling units positioned between the spot price and the current historical high of $112,000
