🔥 The whales have drawn the map… and the price is following it!
Through the liquidity map on the Coinglass platform, we observe that the price is moving upwards and is facing very strong liquidity accumulation at levels 111,000 to 114,000, which is the area shown in light yellow — a clear signal of the presence of massive sell orders (possibly a nearby resistance)!
On the other hand, strong support levels appeared in the range of 105,000 to 108,000, where buy orders are densely accumulating, indicating the whales' interest in defending these areas in case of any correction.
General reading:
The market is in an upward trend, but any pullback from 111K–114K could be a signal to start a slight correction wave, especially if the price fails to break through this area with strong liquidity.
