Bitcoin Could Grab Liquidity Up to $111K
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Bitcoin exchange order books reveal a liquidity showdown in waiting as BTC price consolidates in a narrow range.
Bitcoin order book liquidity is increasing as BTC price consolidates its recent relief bounce.
Market participants see a liquidity grab taking BTC/USD as high as $111,000 next.
The monthly close is already in focus as Bitcoin ekes out modest gains for June.
Bitcoin traders risk fresh losses thanks to whipsaw BTC price action next, analysis warns.
The latest exchange order book data from monitoring resource CoinGlass shows prime conditions for a new round of “liquidity grabs” up to $111,000.
Liquidity sets up BTC price showdown
Bitcoin continues to hold the $105,000 mark after a brisk rebound from multi-week lows, thanks to the Middle East ceasefire.
With BTC price action consolidating, however, liquidity on either side of the spot price is growing — and traditionally, this results in a snap move to neutralize it, an event often called a liquidity “grab.”
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