The post Bitcoin: 2 liquidity magnetic zones, 1 bearish trend: Where’s BTC going next? appeared on BitcoinEthereumNews.com.

Bitcoin did not have a fun weekend. Low liquidity saw a sizeable sell-off in the late hours of Sunday/early Monday, and Bitcoin dropped 6.16% within six hours as a result. It also dropped below the $90k mark, having established the $92k area overhead as a vital short-term resistance. Source: Maartunn on X The bearish net taker volume mirrored the conditions on the 21st of November, but was not as extreme, noted crypto analyst Maartunn. Worries about Tether’s insolvency in the event of a combined gold and Bitcoin drop added to the fearful sentiment across the market. The drop also saw $650.67 million worth of positions liquidated across the market, according to CoinGlass data at press time. Structural trends: Where Bitcoin stands Source: BTC/USDT on TradingView Analysis showed that the fear around Bitcoin was warranted. The drop from $107.5k to $80.6k in November had very few periods of respite. The past week’s bounce was halted even before the 50% retracement level at $94k was tested. This reflected intense bearish pressure. The next target was the $74.2k Fibonacci extension level. Incidentally, the $74k-$76k area served as a market bottom in April. Source: CoinGlass The two-week liquidation chart highlighted two things. The first was the dense collection of liquidation levels in the $83.3k-$85.5k area. Therefore, a further Bitcoin drawdown to sweep this liquidity is a likelihood. The second was the lack of liquidations built up between $86k and $92k, a result of the speed of the recent price drop. Two things can happen — Bitcoin can race higher to $95k, the magnetic zone overhead, after a sweep of $84k. Or, Bitcoin could form another range and meander aimlessly. In doing so, it would build liquidations at the range extremes. Once done, perhaps over a period of a week or two, BTC could hunt…

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Filed under: News - @ December 2, 2025 3:26 am