đš Bitcoin Price on the Edge: Volatility Alert Incoming! đš
The current BTC price is teetering between $63,000 and $64,000, and all signs point to an imminent volatile move. Mixed signals are emerging, but liquidation levels and market sentiment suggest this could be the calm before the storm.
Key Takeaways from InspoCrypto's Analysis:
đ Max Slippage: 16.5, showing moderate liquidityâmarket shocks are unlikely, but not impossible.
đ Volume Delta: 415.848 million indicates buying pressure outweighs selling, but not by a wide margin.
đ„ Liquidation Zones: Resistance likely near $64,500 (short liquidations), and strong support at $61,000 (long liquidations).
đ„ Open Interest (OI): High concentration between $64,200 and $64,400âexpect volatility if BTC breaks away from this zone.
đ Funding Rate: - showing that shorts dominate the market, which could foreshadow bearish moves.
đ Whales Going Long: A Whale vs. Retail Delta of 56.681% shows whales are slightly more bullish than retail traders.
â ïž Potential Scenarios:
Break above $64,500: Could trigger short liquidations, pushing BTC higher.
Drop below $61,000: Cascading long liquidations may lead to a sharp downturn.
Funding Rate Shift: If it flips positive, expect an upward rally.
Be Prepared: Significant volatility is expected in the next 24 hours as Bitcoin nears critical liquidation zones.
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