Key Takeaways
Why is Bitcoin doing the twist and turn? 🤷♂️
Oh, dear reader! Our dear Bitcoin seems to be at risk of doing a little cha-cha downwards! Why? Well, it’s all about thin bid support and a jolly stack of leverage that leaves it wide open for liquidation cascades before those cheeky shorts even consider a squeeze! Fancy that! 🎢
What would signal bulls putting on their big-boy pants? 🐂
Ah, if Bitcoin flips the magical $112k into a sturdy higher-low base and manages to hold above $108k, it would give our gallant bulls the footing they need to muster some momentum. Now, who wouldn’t want to see that? 🎉
Yes, indeed! Bitcoin [BTC] is lounging at a rather critical crossroads at the moment, just waiting for excitement to happen. 🛣️
The fancy 12H Liquidation Heatmap shows us stacked leverage across vital price levels, leaving both the bulls and bears quaking in their boots. And, in this whimsical backdrop, the past 24 hours turned into a bear trap for our hopeful bulls. Can you imagine the drama? 🐻🎭
Bitcoin caught in leverage limbo! 😱
According to CoinGlass, more than $330 million took a long, long walk off a short plank, with a whopping 53% coming from shorts! Poof! That’s two days straight of short squeezes, folks! And yet, oh so tragically, it’s just a speck in the grand scheme compared to last week’s extravagant $2 billion long squeeze. You know what they say – what goes up must sometimes plummet down! 🎈
In short (pun absolutely intended), momentum seems to be strutting at a snail’s pace. Even with BTC’s 9% dip from its all-time high, our brave bulls have yet to stampede into a mighty market flip. Meanwhile, Bitcoin’s Open Interest (OI) has popped back over a staggering $80 billion, oh la la! Setting us up for a classic leverage-driven rollercoaster! 🎢
To put it simply, dear readers, the market is still twirling around, with no solid bid-wall in sight to kick off a breakout. And on Binance, the 24H Long/Short Ratio is stuck at a jaw-dropping 50:50, keeping all sides nervously chewing their nails! 🤯
Bitcoin bulls still trying to grab hold of that market control! 🐂💪
As September bids adieu, it’s a nail-biting time for Bitcoin, especially with Q4 lurking around the corner like a cat ready to pounce. 🐱
Currently, BTC is prancing around near $112,913 after a teeny 1.12% drop. The lower wick gave a cheeky prod at $112k! To really spice things up with a bullish divergence, it needs to close above $108,650 – potentially the first higher low in nearly two fortnights! Which gives our bulls a comfy spot to rebuild that precious momentum. Time to rally, folks! 🎆
In the language of traders, bulls must hold this support flip if they want the Q4 upside thesis to stay alive and kicking. Otherwise, BTC risks upping its little wobbly dance lower, with that enormous leverage stacking up in the Derivatives market. Yikes! 😱
But fear not! If the stars align just right, this precarious situation could set the stage for a squeeze if our dashing bulls manage to fend off the impending peril! It’s a thrilling tale indeed! 🥳
Short clusters set up for a risky thrill ride! 🎢💣
Glassnode tells us that over the weekend of September 28th, BTC Futures built a rather amusing amount of short exposure around the $110k-$111k mark, creating a classic liquidation cluster just begging to be tapped! But, alas, bids remain as thin as a pair of overcooked spaghetti! 🍝
And so, Bitcoin is at risk of dipping lower before any squeeze can fire – who thought trading could be so dramatic? A breakdown under $108,650 is possible, leaving our bulls sweating bullets to flip that $112k into their treasured higher-low base! It’s that dramatic, folks! 🍿
Read More
- US Government’s Wild Plan: Tariffs for Bitcoin? You Won’t Believe This! 💰🚀
- Gold Rate Forecast
- JPY KRW PREDICTION
- CNY JPY PREDICTION
- BONK PREDICTION. BONK cryptocurrency
- Brent Oil Forecast
- STX PREDICTION. STX cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- Silver Rate Forecast
- Japan’s Real Estate Market Just Met Blockchain and Said, “Let’s Make it Weird!”
2025-10-01 02:14