Liquidity stacked just under price, especially around $65K, looks like a magnet more than support. Open interest climbing while price leaks down tells me leverage is growing without direction, a mix I’ve learned to respect.
When OI rises into weakness, it usually means traders are positioning before the market has finished talking. These setups rarely resolve in a polite way. Price tends to visit the thickest pockets first, cleaning out the crowded side before it chooses a path.
If $65K gets touched, volatility can change character quickly. The real question isn’t whether the sweep happens, but who is left standing after it.
Is this just the door to a deeper flush… or the last shake before the tone shifts?
BTCUSDT
Perp
66,327.2
-1.53%