Currently, BTC's bullish sentiment is starting to loosen up, with some whales already taking profits at the highs. While the bulls aren't completely out of the game yet, their push is clearly not as strong as it was a few days ago.
On the flip side, ETH is seeing short positions slowly consolidating, with big money leaning towards a downward pressure strategy.
Looking at the liquidation distribution, there's still liquidity below that hasn't been fully cleaned out. BTC has a concentrated liquidation zone around 80.4k, while ETH is hovering around 2300. If we see any short-term dips, it's possible they'll first sweep away those leveraged positions before deciding on the next direction. $BTC
On the flip side, ETH is seeing short positions slowly consolidating, with big money leaning towards a downward pressure strategy.
Looking at the liquidation distribution, there's still liquidity below that hasn't been fully cleaned out. BTC has a concentrated liquidation zone around 80.4k, while ETH is hovering around 2300. If we see any short-term dips, it's possible they'll first sweep away those leveraged positions before deciding on the next direction. $BTC