BTC1. Market Context Before the Move
On-chain metrics showed exchange outflows, reduced available BTC, and rising whale wallet accumulation, setting the stage for reduced downside panic and shallow liquidity sweeps.
Open interest and funding rates were balanced and slightly declining, meaning the market was not heavily biased in either direction—prime territory for a liquidity-driven move rather than a trend breakout.
2. The Downside Liquidity Sweep / Stop-Hunt
As seen on both clusters and TradingView, price broke down and aggressively swept the lower support/liquidation cluster ($109,500–110,000).
This cascade triggered long position liquidations and wiped out late, over-leveraged bulls, creating a "liquidity vacuum."
At the same time, aggressive shorts tried to chase the breakdown, but on-chain delta and liquidations confirmed most were too late and then quickly liquidated on the reversal.
3. Reversal and Pump: The Smart Money Play
After the downside flush, aggressive buying (positive delta, increasing OI around support) stepped in. This absorption matched large clusters
Price bounced sharply out of the support box, confirming this was a classic institutional stop-hunt and fade.
Longs who entered at the lowest liquidity cluster had the best risk/reward entries and quickly saw price rocket back above intraday support.
4. Short-Term Distribution/Profit-Taking
As the move unfolded, net long profit-taking began. Price faced resistance in the prior mid-range (your TradingView upper white box, $111,800–$113,000).
Shorts who entered early were liquidated, while new shorts began building higher—creating another potential squeeze if price surges again.
Order flow delta signals showed longs in profit reducing exposure, while new shorts may be "fuel" for further upside.
5. Price Action Structure (TradingView 4h TA)
The chart now shows price sitting inside a high-confluence support box, repeatedly defended as the main liquidity magnet.
If this box holds, intraday bounces or even a reversion to the upper resistance range ($113,000+) remain the highest probability play.
Failure to hold (strong breakdown with negative delta and OI spike) targets another flush and stop-hunt below.
players:
Open long if price
108500-109800
risk Takers : 109k-111k range
tp: 111,400
111,600
111,900
112,400
stop: 107600
