Bitcoin market participants may be left in "complete disbelief" as the market reverses from a liquidity grab without another major leg lower, a trader predicted.
Bitcoin (BTC) could reach its new “macro bottom” by September, as price action continues to surprise traders.
New analysis from pseudonymous trader Killa on Friday focuses on a sub-$60,000 liquidity grab next quarter.
Crypto exchange order-book liquidity is key to short-term price moves, as large-volume traders coerce the market into wiping nearby positions, causing volatility.
Killa, however, is looking at the longer-term picture — many expect BTC/USD to drop as low as $50,000 to take liquidity before bouncing, data shows.
“At some point, $BTC is going to front run major HTF liquidity,” he told followers in a post on X.
Bitcoin order-book liquidity data. Source: Killa/X
An accompanying chart from CoinGlass shows the main area of interest between $50,000 and $60,000. If it gets taken, Killa argues, it would lay the foundation for the end of the bear market.
“I'm not saying we won't sweep below 60K, but it's something worth considering. Markets have a habit of front running the levels everyone is focused on,” they continued.
As Cointelegraph reported, others have questioned the staying power of current support around the $60,000 mark.
Related: Bitcoin market cap rebound to take '5-10 years' after dropping 10 places since mid-2025
Traders are poised for a snap collapse, with Daan Crypto Trades warning that the situation could “get ugly” if nearby trend lines fail to hold.
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