- The 24-hour Bitcoin liquidation heatmap showed high leverage liquidity across key price zones, and the volatility could trigger cascading liquidations.
- A strong weekly close above current resistance, like in Q4 2024, could open a way for a big pump towards $130K-$135K in Q3.
Bitcoin [BTC] maintained its stay above the $105K price mark despite the Distribution by Realized Supply metric showing BTC was expensive relative to what all holders had invested in it.
The 24-hour liquidation map of Bitcoin indicated that leverage clustering was high around the current prices.
This indicated that there was a chance of high volatility. Peaks of high liquidity were above $108.8K and under $107.1K serving as key pressure points.
However, a BTC close above the resistance at $108.8K might result in a liquidation avalanche of short positions. This may lead to a new ATH.
On the other hand, in case Bitcoin drops below the low at $107.1K, long positions are likely to be liquidated, leading to additional pressure on the downside.
Source: CryptoRus/X
Amid ongoing market tension, Aguila Trades re-entered with a 20x leveraged short position, as noted by Onchain Lens. This move came after Bitcoin dipped below the $108K mark—an opportunity Aguila aimed to capitalize on.
If BTC surges past the key liquidation level at $108.8K, Aguila’s short could be at risk of being wiped out.
However, if the price instead faces rejection and drops below $107.1K, it could validate the short setup and potentially trigger a broader correction, boosting Aguila’s profits, assuming the position remains active.
Traders should closely watch these price zones, as Bitcoin remains locked in a leverage war. Liquidity pools show clusters of stacked positions that could be targeted and cleared, shaping short-term market movements.
Can BTC break ATH and hit $130k in Q3?
With liquidations likely to influence price action, technical analysis becomes key to identifying potential targets. A weekly close above $110K could act as a launchpad toward the Fibonacci extension level of $135,500.
Historically, Bitcoin staged a strong rally in Q4 2024 following a decisive weekly close above $75,000—a level that was later retested around $76,000 in 2025.
If this structure repeats, a clear close above $107,720 could unlock upward momentum, first targeting $110K, and then potentially extending toward $130K.
Source: X
If Bitcoin fails to break above $108K, it could face another rejection and slide back toward the $92,000–$95,000 range.
The repeated breakout-retest pattern has formed a bullish staircase structure, which typically signals market strength and could serve as confirmation of an uptrend.
On the flip side, if BTC reaches new highs but fails to hold a weekly close above $107K, the short-term rally may lose steam. This could lead to an extended consolidation phase, limiting upside potential.
Overall, this price behavior will be pivotal in shaping Bitcoin’s Q3 direction and sustaining bullish momentum.
