Bitcoin Liquidity Blocks Tell A Story: Here’s Why $96,000-$111,000 Is Most Important

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	19,059,579,319	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

19,059,579,319

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.005948	-2.64%	0.218945	0.218863	0.218901

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.005948

-2.64%

0.218945

0.218863

0.218901

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.225472	0.197887	0.225472	0.224893	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.225472

0.197887

0.225472

0.224893

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	13:50:27	2,489.00	0.218945	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

13:50:27

2,489.00

0.218945

USD

Price x Volume	Volume	Base Symbol	Related Pairs
722,643.76	3,387,214.21	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

722,643.76

3,387,214.21

Bitcoin Liquidity Blocks Tell A Story: Here’s Why $96,000-$111,000 Is Most Important

23/01/2025 7:30pm

NEWSBTC

Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2.5% decline. According to liquidation data from Coinglass, this decline has seen $65.47 million worth of positions liquidated, with the majority ($54.10 million) being long positions. Crypto analyst Kevin (Kev_Capital_TA) noted a significant range between $96,000 and $111,000, calling it the most pivotal zone on Bitcoin’s liquidation heatmap. This zone could determine the market’s next trajectory after months of back and forth movement trading between this range. Bitcoin’s Liquidity Heatmap Highlights Key Levels According to Kevin’s analysis, which he posted on social media platform X, large liquidity blocks dominate the range between $96,000 and $111,000, which has created an important zone for Bitcoin traders to keep an eye on. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Liquidity heatmaps visualize areas where buy and sell orders accumulate, often serving as potential reversal or breakout points. The presence of significant liquidity in this range suggests that the market could experience heightened volatility once Bitcoin approaches these levels, and inexperienced investors could be caught up in the price action. The liquidity blocks within this range are highlighted in green in the Bitcoin price chart below. These green zones are high-activity zones that act as a magnet for price action. Notably, the largest liquidity cluster lies near $109,700, slightly above Bitcoin’s current all-time high of $108,786, achieved just three days ago. This proximity to this all-time high means that Bitcoin could undergo another strong price action once it reaches this level. There are many market participants with buy and sell orders here around $109,700. Bitcoin Needs To Break Above its Prolonged Sideways Trading Kevin also pointed out Bitcoin’s extended period of sideways trading, which has tested the patience of many investors. He noted that Bitcoin traded sideways for eight months at the end of 2024, followed by a brief surge in price, only to return to another three-month period of low volatility. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next Since then, however, the strong bullish momentum has yet to repeat itself. Although long-term holders may still be in profit, short-term traders are feeling the most strain from the lack of any substantial upward price action. The first step in repeating bullish momentum would be to break above the upper end of the liquidation zone at $110,000. If Bitcoin breaches this range, it could trigger a significant rally or sell-off depending on the prevailing sentiment and trading activity within the zone. However, the lack of liquidity beyond these levels also poses risks, especially below the lower end of the zone. The thinner orders means there isn’t enough hold up liquidity to reject a price breakdown. At the time of writing, Bitcoin is trading at $102,200, down by 2.8% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

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