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Bitcoin Liquidity Cluster at $109K Could Trigger Explosive Move

  • A dense pocket of liquidity between $109,000 and $110,900 is acting like a magnet, drawing price action towards it.
  • On June 6th, excess leverage was flushed from the system, leading to a drop in open interest and reset of funding rates, suggesting a healthier market foundation for a move higher.
  • Currently, Bitcoin is trading between strong bid support at $100K and a sell wall just above $109K, indicating classic price action behavior with potential for a high-volatility breakout.
  • With liquidity stacked above and leverage cleansed, the technical setup supports a potential explosive move if Bitcoin can sustain a push into the $109K+ zone.

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