Currently, there are some vacuum areas in the distribution of futures liquidity across the BTC network, which belong to zones lacking fuel;
From a bullish perspective, in order to cross this area, it must rely on the support of spot buying. Simply relying on futures would only clear out the short liquidity around 95k~96k and then return to consolidation.
Fortunately, the weekend is almost here, and in the futures market, almost every weekend...
There will be a batch of new liquidity accumulated in the small range of BTC both up and down. If the subsequent market can gradually stack sufficient short liquidity in the white area shown in the chart, then the price could have the ability to soar straight to 100k next week.
If this range does not accumulate, and the spot demand is exhausted, then next week is likely to continue consolidating.
In short, the bullish state is currently very healthy, and the price has already moved away from the dense liquidation area below; there is no significant possibility of a sharp drop in the short term (unless external events occur). As long as the shorts are still willing to test the top, there is still upward space.
So, if you are bullish, you should thank the shorts who are holding positions.
If you are a short, you should pray for the bulls to increase their positions...
In the futures market, those who are your counterparty are your benefactors, while those who ride along with you are all enemies! And potential traitors!
From a bullish perspective, in order to cross this area, it must rely on the support of spot buying. Simply relying on futures would only clear out the short liquidity around 95k~96k and then return to consolidation.
Fortunately, the weekend is almost here, and in the futures market, almost every weekend...
There will be a batch of new liquidity accumulated in the small range of BTC both up and down. If the subsequent market can gradually stack sufficient short liquidity in the white area shown in the chart, then the price could have the ability to soar straight to 100k next week.
If this range does not accumulate, and the spot demand is exhausted, then next week is likely to continue consolidating.
In short, the bullish state is currently very healthy, and the price has already moved away from the dense liquidation area below; there is no significant possibility of a sharp drop in the short term (unless external events occur). As long as the shorts are still willing to test the top, there is still upward space.
So, if you are bullish, you should thank the shorts who are holding positions.
If you are a short, you should pray for the bulls to increase their positions...
In the futures market, those who are your counterparty are your benefactors, while those who ride along with you are all enemies! And potential traitors!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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