Bitcoin Rally Gains Momentum with Over $2 Billion Short Liquidity Cluster

Bitcoin is gaining traction after setting a new yearly low at $59,000 last week. The order book data suggests a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000.

The bid-ask ratio has remained positive since last Friday, indicating aggressive buying activity. This shift in positioning and sentiment also aligns with a bullish chart pattern targeting the $67,000, $70,000 range.

Crypto analyst Kripto Holder highlighted a $2.68 billion short-liquidity cluster near $64,600, calling it the primary upside liquidity pool.