Liquidation Levels Define the Battlefield

[madtrader]

Short-term price action is being heavily shaped by derivatives positioning. Seven-day liquidation heatmap data shows long liquidation clusters between $87,000 and $89,000, while a dense pocket of short positions sits near $95,000, the top of the current weekly range.

From a technical standpoint, BTC reclaimed the 20-day moving average, now converging with the 50-day moving average — a setup often watched for trend continuation. After failing to hold above $95,000, some traders appear to be taking profits and preparing for a possible retest of support near $89,400, aligning with the 20-day MA.

[bonk]

95k turning into a short magnet explains why price keeps stalling there