This Bitcoin liquidation heatmap from CounterFlow (as of 21 June 2025) shows a clear short-term bearish trend. The price currently sits at $103,552, reflecting a 6.63% drop over the past 12 hours. Heatmap colors indicate heavy liquidation activity, especially around the $101,100 range, where a $1 million liquidation volume has been recorded. This area is likely to act as a magnet for price in the short term, as markets tend to gravitate toward liquidity zones.
Resistance is clearly building around $105,000–$106,500, where large sell orders or previous long liquidations may have occurred. Price action shows lower highs and a recent sharp drop, signaling weak buyer momentum. If the downtrend continues, a move toward the $101,100 zone appears likely, with further support seen around $100,600.
Alternatively, a brief relief rally could push the price up to $104,500–$105,000, where further short interest might develop. Traders may look for short opportunities near resistance or monitor the $101,100 area for a possible bounce. Overall, the bias remains bearish unless the price reclaims key resistance levels with strong volume confirmation. Caution is advised due to increased volatility near liquidation clusters.