Technical analyst InspoCrypto notes that the Bitcoin market reflects mixed sentiment, with prices between $63,000 and $64,000, and potential for volatility. Maximum slippage is recorded at 16.5, suggesting moderate liquidity, while a volume delta of 415.848 million indicates increased buying pressure.
Hyblock Capital’s heatmap analysis shows critical liquidation levels around $60,000 and $64,000, indicating resistance at $64,500 and support at $61,000. A breach could trigger liquidations, leading to volatility.
Open interest is concentrated in the $64,200 to $64,400 range, suggesting potential volatility with a significant move. The funding rate is at -12.678%, indicating a dominant short position, while the bid-ask ratio is at 38.618%, showing selling pressure outweighing buying demand.
The Whale vs. Retail Delta is at 56.681%, indicating minor bullish sentiment from whales. Overall, mixed signals suggest volatility in the next 24 hours, with Bitcoin standing at $63,370, down 0.3% from Tuesday.
