Bitcoin may be consolidating, but market watchers say a serious liquidity move could be brewing. New data from CoinGlass reveals a growing cluster of liquidity around $111,000—setting the stage for what traders call a “grab,” a sharp price move aimed at hunting leveraged positions before momentum resets.
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At the time of writing, Bitcoin sits around $107,000. That’s a far cry from Strategy (MSTR) executive Michael Saylor’s ambitious $21 million prediction, but it’s inching closer to short-term technical targets. In a June 25 post, trader Mark Cullen noted that BTC could briefly run into the $107Ks before violently wicking down to clear stops at $104K.
Translation for the everyday investor? This is a market primed for high-speed traps. Sharp upside pushes can be followed by equally sudden reversals, all driven by automated trading systems and mass liquidation events.
$111K BTC in Sight, but Don’t Mistake It for a Bull Run Just Yet
Traders aren’t necessarily calling for a new ATH party—yet. Instead, they’re eyeing what’s called “upside liquidity.” That’s where there’s enough open interest and stop-loss clustering to justify a spike, not necessarily a sustained breakout.
“$111,000 looks eager to be tagged next,” said trader Jelle, pointing to CoinGlass heatmaps. But those heatmaps aren’t just price predictions, they’re battle maps. They show where traders are overexposed and where big players might strike.
In this case, liquidity above $108,000 is pulling the market upward, like a magnet. But below $105,000 lies another pocket of liquidity. And that’s why Cullen and others think we could see a short squeeze up, followed by a shakeout down.
So… What Would Saylor Say?
Michael Saylor has made headlines (and memes) with his sky-high price targets, most notably his long-game call that Bitcoin could eventually be worth $21 million per coin. That forecast assumes Bitcoin becomes the backbone of a new monetary standard, replacing fiat and absorbing global wealth.
So how does a short-term liquidity hunt to $111K fit into that?
It doesn’t—yet. But it shows us the mechanics of how Bitcoin could get there. These liquidity games show just how much capital, leverage, and emotion swirl around BTC. If volatility remains this aggressive and demand continues to chase supply, price discovery will march higher over time, even if today’s moves are just tactical.
Monthly Close Matters More Than You Think
Amid the short-term chaos, the real story may be the June monthly candle. Analyst Rekt Capital says a close above $102,400 would confirm a monthly range breakout, signaling that the uptrend is intact and setting the tone for Q3.
With macro conditions aligning, like easing Fed expectations and geopolitical de-escalation in the Middle East, Bitcoin might just get the runway it needs to go from range-bound to rocket-fueled.
At the time of writing, Bitcoin is sitting at $107,059.
