Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin (BTC) the price struggled to regain momentum after Wednesday’s drop to $100,700, leaving BTC down about 3.5% on the weekly candle. Market data shows long-term holders sold more than 815,000 BTC in the last 30 days, intensifying the focus on lower liquidity pockets. Analysts are now pointing to the June 2025 lows near $98,000 as the next likely target if volatility accelerates.
Main takeaways:
-
Liquidity clusters show negative pressure growth near $98,000 for Bitcoin.
-
A fourth retest of $102,000 to $100,000 support signals a weakening structure.
-
Futures trader positioning remains long-heavy despite rising technical risks.
BTC liquidity squeeze intensifies downside focus
Analysts following BTC’s liquidity chart highlight a growing imbalance between support and resistance above. Crypto trader Daan noticed that a “large cluster of liquidity is located below the local minimums at $ 98,000-$ 100,000”, adding that this aligned with the series of marginally high lows that have formed above the area.
The trader also pointed to the higher levels at $108,000 and $112,000, but he stressed that only the former is currently feasible given the structure of the market, with which band it breaks first is likely to cause a tight squeeze.
Futures trader Byzantine General echoed the sentiment, noting that current price behavior suggests that Bitcoin “is likely to sweep the lows around $98,000.”
I support this view, CoinGlass data shows nearly $1.3 billion of cumulative leveraged long liquidity concentrated at the $98,000 level, a sharp increase from earlier in the week, while futures traders had previously targeted upside liquidity near $110,000, following the recent flow below $100,000 last Friday.
Related: Crypto the most “scared” since March as Bitcoin sees one-year lows vs. gold
Repeated support tests deepen structural risk
Bitcoin has now tested the support band of $102,000-$100,000 for the fourth time since the first time the range was established in May 2025. Multiple retests of the same support often indicate structural exhaustion: each subsequent visit weakens the buyer’s conviction, reduces the liquidity of the rest supply, and increases the probability of a breakdown.
UBCrypto Analyst noticed that the latest move looks like a failed discovery, adding that “it’s not a level worth buying” until the price confirms the strength, even if it means reentering a few percentage points higher.
Despite this, data from Hyblock Capital shows that long positioning remains dominant, with 68.9% of global BTC orders placed long on Binance, indicating that many traders continue to trust the $100,000 level.
However, the daily and weekly charts reflect a softness at the highs, increasing the likelihood of a liquidity sweep towards $98,000, even as deeper support from the order book appears to be stacked above the current price.
Related: Bitcoin’s second-biggest whale rally fails to push BTC past $106K
This article does not contain investment advice or recommendations. Every investment and business move involves risk, and readers should do their own research when making a decision.
