Let’s hope it keeps going like this!
It grabbed liquidity below with traders going short and leveraging the drop — trapping them and fueling the price recovery.
And now we have a lot of liquidity above as well.
Liquidation map on the 1-month time frame:
That doesn’t mean the price is about to take off just yet 🚀
Lately, we’ve seen there’s always room for more sideways action 🔁
We remain a bit cautious since the last upward moves had heavy long leverage, which wasn’t great for continuation.
But now that scenario has improved ✅
