Bitcoin (BTC) data flashed a rare bid-side imbalance when it traded below $65,000 on Sunday. The bid-ask ratio showed strong buying pressure across multiple depth levels, which may have confirmed a short-term bottom for BTC price. With more than $1.6 billion in short leveraged positions at risk of liquidation near $71,000, the setup centers on …
Continue reading “Bitcoin data points to ‘rare’ trading setup for relief rally to $71K”
