Key points:
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Bitcoin sneaks over 2% of people from the climax of $120,000 a day to slide bid liquidity in the expected move.
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Still, market forecasts will see deeper answers coming soon.
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As Altcoin Open Isport hits a new all-time high, the “bubble” begins to appear in cryptocurrencies.
Bitcoin (BTC) At the Wall Street Open Wednesday, traders are watching the new BTC price minimum target for liquidity.
Bitcoin launches classic liquidity crawling
From Cointelegraph Markets Pro and TradingView It showed BTC/USD fell by 2% on the day.
After opening daily, the two have exceeded $120,000, but the momentum is quickly gone as the seller pressure takes over.
before Auxiliary device report On bill of exchange liquidity, a region of $117,500 is required.
$ btc /#bitcoin
🚨In the past 24 hours, 176,570 traders have been liquidated, with a total liquidation of US$517,650 million!The largest single clearing order occurs in Binance – Ethusdt worth $3.97 million
$1.1 billion rinse. pic.twitter.com/lfybtzi9nz
– Crypto Seth (@seth_fin) July 23, 2025
As traders watch over $500 million in cross-liquid clearings over the past 24 hours Small shop Show new inquiry liquidity is added to the spot price.
“The liquidity of long-height leverage is very juicy,” Coinglass has Tell X Followers in a section of posts earlier Wednesday.
Commenting on the market structure, market participants began to see deeper potential for BTC price corrections to increase support.
“Not an actual breakthrough on $BTC,” analyst and entrepreneur Michaël Vande Poppe’s cryptocurrency trader Summarize Travel around overnight to $120,000.
“Sweep again and return to that range, which allows us to retest the lows of that range again.”
Popular Trader Crypto Virtuos suggests that the next step could be $113,000 due to the presence of important Fibonacci backtracking levels.
“I think we might see a brief return/correction. It could be 6/7%, which could raise the price to the .618 level (113K), after which we can see another upward push-up,” part of X POST Summarize.
Crypto Wirtuus added that he was “very optimistic” about the final rebound, with Fibonacci analysis showing the target is $138,000.
Altcoin “bubble” is warned in record OI
Elsewhere, OnChain Analytics company GlassNode has warned about the current “bubble” of Altcoin’s surge in crypto market.
Related: “altseason is here” – 5 things to know in Bitcoin this week
Especially at a high level Open interest (OI) The entire derivatives market will be in danger of upward momentum.
It warned in the latest version of the regular newsletter: “This condition indicates that a certain degree of bubble is beginning to form in the market and may make it more prone to drastic fluctuations.”Onchain for a week. ”
“Higher leverage tends to expand upward and downward volatility and can promote a more reflective and fragile market environment.”
OI received $40 billion in market cap on Monday, with four top altcoins passing $40 billion Glass Festival data Confirmation marks a new all-time high.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
