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The price of BTC is preparing for a liquidity showdown
Bitcoin has recovered from several weeks' lows caused by geopolitical tensions, with the $105K zone now acting as short-term support. CoinGlass's order book heat maps show increasing liquidity on the buy side near $103K and sell side targets at $108K to $111K, hinting at volatility ahead.
“$111,000 seems eager to be reached,” said trader Jelle, citing visible upward liquidity as price clusters build.
Meanwhile, analyst Mark Cullen predicted a short-term move towards the upper $107K before a possible pullback:
“I wouldn’t be surprised to see BTC rise further and then drop below $105K to capture liquidity,” he said.
Traders are on the lookout for a liquidity grab — a sharp move triggered by the market's attempt to “hunt” open positions — as both long and short liquidations cluster near key price levels.