@whisperingshade
$BTC liquidity distribution right now is really unfavorable for the bulls...
Just below the current price lies the liquidation zone for longs since August 5th. If the price keeps dipping today, we could see another round of liquidations, targeting the $110k level...
Honestly, this liquidity setup is dangerous as hell. The recent on-chain and technical data are totally at odds—I’m completely lost here...