Here are the BTC levels traders are watching for the coming days.
“On the Bybit futures chart we can see how asks were filled and from there on out spot pushed price down to take out the longs that accumulated in this mini range. Overall still choppy and no clear direction.”
Analyzing order book setup on Binance, monitoring resource Material Indicators noted an overall lack of liquidity. The largest-volume traders, it revealed, had reduced activity to a minimum as a result, perhaps due to that absence of coins exposing them to potential slippage.price is so thin that whales have to either break up their market orders into smaller order sizes to minimize slippage or wait for pockets of liquidity before smashing buttons.
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