$BTC has been consolidating after a sharp rejection from the $125K region, showing a gradual compression within a lower-high structure. The liquidity map highlights heavy liquidation clusters sitting just below 117K, indicating where the market may sweep before a reversal.

If this liquidity zone gets tapped and absorbed, we could see a sharp bullish reaction pushing price back toward 122.5K–125K as buyers regain control. The long-term bias remains bullish, but a short-term liquidity flush is possible before the next leg up.