Heatmaps flagged liquidity near $111K and $106K; $140K remained the upside marker.
Bitcoin (BTC USD) price action has been choppy lately. Nonetheless, more recently, its moves have been rangebound.
While Bitcoin price slipped over the prior day before stabilizing near the range. At the time of writing, BTC USD was around $109,000.
In recent BTC news, large holders rebuilt long exposure below $110,000. Analysts said a sustained break above $140,000 would confirm a larger uptrend.
Large wallets added exposure while Bitcoin (BTC USD) price today consolidated under a round-number level.
On-chain flows showed one address moved about $10 million in stablecoins and opened a 6× long worth roughly 134 BTC, about $14 million in directional exposure.
Other prominent traders also changed their stance. One well-tracked account on X said an insider whale closed part of a short.
That activity reduced immediate selling pressure and freed margin. Taken together, these moves suggested a shift toward controlled accumulation.
Additionally in BTC news, data published by Glassnode on X flagged the uptick in large-ticket long entries below the $110K zone.
This supported the view that whales were actively positioning at current levels. Derivatives positioning leaned slightly long on major venues.
That tilt often reflected growing confidence in the near-term path. It did not guarantee upside by itself. It did show that participants accepted risk at current prices.
Whales, defined as funds or traders with large balances, often shape short-term direction. Their orders could absorb offers and firm up bids.
They also tended to scale entries to reduce slippage. That method could extend consolidation before any break.
Analysts framed the sub-$110,000 area as an accumulation zone. In practice, an accumulation zone was a range where buyers built positions gradually.
This phase often followed a pullback and preceded range expansion. Historical cycles showed that many rallies began from such bases.
Leverage added another layer. A 6× long amplifier has both gains and losses. For that reason, large players often pair leverage with strict risk controls. They used nearby liquidity to manage entries and exits efficiently.
Liquidation heatmaps highlighted thick bands near $111,000 and $106,000. A liquidation heatmap estimated where forced closures could trigger for leveraged positions.
These clusters tended to attract price as stop orders accumulated. Liquidity hunts around those bands often produced sharp, brief spikes.
Participants watched how the price behaved as it approached each cluster. A push into a dense pocket could unlock a flurry of forced trades.
That chain reaction sometimes extends beyond the first target. Traders then reassessed the path once the cluster thinned out.
Another X post by Cointelegraph included a separate on-chain alert referencing large movement of BTC coins from early holders, reinforcing the view of supply being redistributed.
That move hinted at a possible structural change in supply dynamics near established bands. Bitcoin (BTC) futures showed concentrated positioning near the noted bands.
It increased the odds of quick volatility when tagged. Order‑book depth around $110,000 also mattered. Thicker books could slow down runs; thin books could accelerate them.
Price action earlier had been choppy within the corridor. Bitcoin (BTC USD) price slipped during the prior day before stabilizing near the range.
The rejection wicks on both sides reflected two‑way interest. Neither side established decisive control inside the corridor.
Short closures and fresh longs provided additional context. Closing shorts removed potential supply on bounces.
Opening longs added resting demand on dips. Together, those shifts often stabilized range lows, at least temporarily.
In BTC news, traders also watched how perpetual funding behaved around these swings. Flat or slightly positive funding is usually marked by balanced or long‑tilted positioning.
Spikes in either direction often flagged crowded trades. Crowding raised the risk of a squeeze against the majority.
The higher‑timeframe structure still showed lower highs on the weekly chart. That pattern suggested lingering supply from earlier rallies.
On the daily chart, the price held above the 200‑day moving average. That average tracked the last 200 days and marked the long‑term trend.
Several desks mapped a potential relief bounce toward about $117,000 for Bitcoin (BTC USD). A relief bounce was a temporary counter‑trend rally after a sharp decline.
Such rallies often tested recent breakdown zones. Acceptance above those zones improved the odds of further upside.
Analysts said a sustained break above $140,000 would confirm a bullish continuation. That level aligned with prior distribution and psychological resistance.
A decisive close above it would set higher highs. It would also signal that buyers absorbed the remaining overhead supply.
If momentum improved, large funds might add exposure to BTC on confirmation. Systematic strategies often use the trend average and new highs for triggers.
Acceptance above the prior ceiling could then draw incremental flows. Those flows tended to reinforce the prevailing move.
Invalidation sat on the other side of the range. A failure to hold support could target lower liquidity pockets.
Traders pointed to the $106,000 area as a nearby sweep zone. A clean break below that pocket would defer any breakout case.
For now, the roadmap hinged on two clear marks. Holding the accumulation band kept the base intact.
Clearing $140,000 would upgrade the trend from range to expansion for Bitcoin (BTC USD) price. Until then, the Bitcoin price remained range‑bound while whales positioned for the next decisive move.
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