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.