This chart from CounterFlow shows a Bitcoin liquidation heatmap with a price vs time structure, over the last 12 hours, ending on 21 June 2025 at 13:41.
$BTC
๐ Key Observations:
1. Price Overview (Top Left)
Current Price: $103,552
Short-Term Changes:
1H: -2.00%
4H: -1.43%
12H: -6.63%
High Liquidation Level: $111,891 โ possibly a recent liquidation or an OI-related metric.
2. Heatmap Analysis
Bright zones (cyan/yellow) indicate high liquidation volume, usually where traders are getting stopped out (either long or short).
Significant clusters:
$101,100: Large liquidation volume ($1M) โ shown as a bright horizontal line.
$106,000โ$106,500: Dense resistance zone (blue/yellow), possibly strong sell orders or previous long liquidations.
$100,650โ$101,200: High interest zone, possible long liquidation trap or future support.
3. Price Action (White/Red Line)
The price shows a gradual downtrend over the last 12 hours, marked by:
Peaks forming lower highs.
Multiple attempts to reclaim higher levels, but met with rejection.
The most recent move is a sharp downward push.
๐ฎ What Could Happen Next?
Bias: Bearish Short-Term
The rejection from the $105,000โ$106,000 zone + high recent liquidation levels at $101,100 suggests downward pressure.
Price is currently hovering slightly above the $103,000 level, but if momentum persists, a retest of the $101,100 liquidation zone seems likely.
๐ Next Likely Move:
Scenario A โ Drop toward $101,100:
The liquidation cluster at $101,100 may act as a magnet (market might want to โclearโ this level).
If this breaks, next support is around $100,600โ$100,800.
Scenario B โ Short-Term Relief Rally:
A small bounce toward $104,500โ$105,000 to fill imbalance or trap more longs before a larger move down.
๐ Strategy Notes (if trading):
Short Bias: Look for short entries near $104,500 with stop above $105,200.
Buy Zone: Monitor $101,100 area for potential bounce (but be careful โ heavy liquidations can cause cascading drops).
Confirmation Needed: Watch volume and price reaction near heat zones.
