Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon?
Bitcoin has little upward momentum facing low price movements after falling below $100,000 earlier this month. The asset has been in a range of less than this six-digit marker over the past week, and its price is currently hovering above the current $96,000.
Lateral motion reflects lack Importance And left behind many traders, questioning could trigger the next major action.
Late liquidation: impact
Despite the lack of breakthroughs, Bitcoin’s price behavior continues to attract the attention of market analysts. Such an expert is Amr Taha, a contributor to the CryptoQuant QuickTake platform.
Taha’s recent analyze In an article titled “Late Buyer Clearing Activity 3 times, and 3 times under 98k”, it clarifies the liquidation pattern between long positions. After these liquidation events, his insights gained a deeper understanding of how market dynamics move.
Taha describes “late” as a trader Prices riseusually out of fear of missing out (FOMO).
These positions tend to be highly leveraged, making them more susceptible to smaller price corrections. According to Taha, late cravings often appear near local price peaks, and their presence may stabilize the market.
Analysts point out when Location clearedit has a dual purpose. First, it reduces the market’s open interest, helps eliminate excess leverage and restores a more balanced trading environment.
Second, these clearing activities can provide opportunities for experienced traders. By forcing post-sales intervention, savvy market participants can potentially ensure better entry points and position themselves Next upward price move.
Bitcoin market performance
At the time of writing, Bitcoin’s perceptions over the past day have risen by 1.3%, currently trading at $96,725. However, on a broader scale, the asset’s weekly and monthly price performance still seems to be somewhat bearish in the red.
Interestingly, despite the price of BTC today, daily trading volumes as of today are still lower than last week. BTC’s daily trading volume exceeded $50 billion last Friday, but as of today, the indicator has dropped to $24.7 billion.
Meanwhile, an crypto analyst named Javon Marks revealed that based on some Bullish indicators There is a “bullish result” appearing on the BTC price list.
Bulls Breakthrough Hold
Woolen cloth
Seemingly imminent results on multiple indicators.$ btc pic.twitter.com/9irnzx71p8
– Hawan
Tags (@javontm1) February 14, 2025
Feature images created with DALL-E, TradingView’s chart
