Macroeconomist Henrik Zeberg stated that Bitcoin (BTC) moves by following the scent of liquidity in the market.
Yann Allemann, founder of on-chain analysis platform Glassnode, posted on social media January 29 in the postfeatured Henrik Zeberg’s analysis of Bitcoin.
Bitcoin “neutral” with an acceleration providing liquidity for long positions in the name of to $42,200 Experienced name Zeberg stated that with this move, $569 million He pointed out that the futures position was liquidated:
The price is moving to fill the liquidity gap above $42,000, indicating potential volatility. Approximately 659 million dollars of liquidation took place.
Stating that the current outlook is upward, Zeberg said that this acceleration is approximately Short up to $1 billion He noted that it could result in the liquidation of the directional position. On the other hand, there is a clear protection against downward and upward fluctuations.be careful” he warned.
In the chart he shared, he implied that the market could move towards the maximum pain level and corner more short investors. In the range of 43-44 thousand dollars The high liquidity level attracted attention.
According to CoinGecko data, in the last 24 hours 2.8% Bitcoin, which is on the rise, at the time of writing From $43,298 is being traded.
