Just ahead of the crucial FOMC meeting, the Bitcoin market shows a marked discrepancy in positions. While the cryptocurrency consolidates below $115,000, liquidity heatmaps from Coinglass and CoinAnk reveal a multitude of trapped bearish positions. Simultaneously, analysts like Crypto Rover and Mark Cullen observe that “whales” are quietly increasing their bullish bets.
This tension creates a “liquidity sandwich” that anticipates high volatility. Analysts warn that leveraged bears could be “rinsed” in a “short squeeze” if the price breaks above $115,000. Nevertheless, a strong support zone at $102,000 and a “CME gap” at $111,000 are also being monitored, a level that often attracts the price before significant moves.
The impending catalyst is the Fed’s decision. The market almost entirely prices in (97.8%) a 25 basis point rate cut, considered a bullish stimulus. Reinforcing this thesis, a whale with a “100% win rate” added $237 million in BTC longs. The FOMC announcement will define whether Bitcoin breaks upwards or triggers another massive liquidation.
Source: https://x.com/mark_cullen/status/1983026735076532485
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