{"id":11113,"date":"2023-03-25T18:49:48","date_gmt":"2023-03-25T18:49:48","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=11113"},"modified":"2023-03-25T18:49:49","modified_gmt":"2023-03-25T18:49:49","slug":"bitcoin-liquidations-vanish-as-trader-hopes-30k-will-hit-before-dip","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11113","title":{"rendered":"Bitcoin liquidations vanish as trader hopes $30K will hit before dip"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Binance). Source: TradingView<\/em><\/p>\n<h2>Bitcoin in &#8220;slow chop&#8221; until Monday<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it focused on $27,500 at the time of writing.<\/p>\n<p>After losing $28,000 the day prior, weekend trading offered little by way of its usual volatility as traders hoped for a break before resumption of TradFi markets.<\/p>\n<p>\u201cLooking like a slow chop around the CME close price so far,\u201d Daan Crypto Trades wrote in part of Twitter commentary. <\/p>\n<p>\u201cNot expecting too much to happen with BTC during the weekend after last week&#8217;s volatility.\u201d<\/p>\n<p>Daan Crypto Trades referred to the closing price of CME Group Bitcoin futures markets, a level which could become significant in the event that volatility up or down appears before the start of the new week.<\/p>\n<p><strong><em>Related:\u00a0BTC price centers on $28K as Deutsche Bank shares follow Credit Suisse<\/em><\/strong><\/p>\n<p>This would have the effect of producing a \u201cgap\u201d in futures market open and close prices, creating a potential target for spot BTC.<\/p>\n<p><em>CME Bitcoin futures 1-day candle chart. Source: TradingView<\/em><\/p>\n<p>An additional post delineated areas of order book liquidity, which could also act as support and resistance flip levels.<\/p>\n<p lang=\"en\" dir=\"ltr\">These #Bitcoin charts can look messy but it can be useful to mark out the potential liquidity area&#8217;s where stop losses may be positioned.<\/p>\n<p>Breaking these levels could cause a little cascade into the next area.<\/p>\n<p>We saw that on the way down already. pic.twitter.com\/jM2LGrXnKj<\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) March 25, 2023<\/p>\n<p>Fellow trader Crypto Tony conversely hoped that bulls could muster the strength for an attack on $30,000 before a deeper retracement.<\/p>\n<p>\u201cOne more push up on declining volume up to $30,000 please,\u201d he tweeted alongside a projection chart. <\/p>\n<p>\u201cI do expect a solid rejection from this area. With all the stuff going on, blasting through with one test just seems very unlikely.\u201d<em>BTC\/USD annotated chart. Source: Crypto Tony\/Twitter<\/em><\/p>\n<h2>Liquidations disappear<\/h2>\n<p>Liquidation data meanwhile showed the extent of the reduction in volatility on short timeframes, with short and long liquidations for March 25 totaling less than $5 million.<\/p>\n<p><strong><em>Related:\u00a0Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express<\/em><\/strong><\/p>\n<p>By contrast, March 22 saw Bitcoin liquidate over $120 million of positions, according to statistics from Coinglass.<\/p>\n<p><em>Bitcoin liquidations chart. Source: Coinglass<\/em><\/p>\n<p>Analyzing trader sentiment, trading suite Decentrader eyed what is described as a &#8220;pretty simple&#8221; long\/short ratio increase , with spot price trending down.<\/p>\n<p lang=\"en\" dir=\"ltr\">Pretty simple.#Bitcoin Long Short ratio kept going up.<\/p>\n<p>Price kept going down. https:\/\/t.co\/scdgLPxo1v pic.twitter.com\/OndWvLLgbK<\/p>\n<p>\u2014 Decentrader (@decentrader) March 25, 2023<\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-liquidations-vanish-as-trader-hopes-30k-will-hit-before-dip\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. BTC\/USD 1-hour candle chart (Binance). Source: TradingView Bitcoin in &#8220;slow chop&#8221; until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it focused on $27,500 at the time of writing. After losing $28,000 the day prior, weekend trading offered [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11113"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11113\/revisions"}],"predecessor-version":[{"id":11115,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11113\/revisions\/11115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11114"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}