JUST IN: Bitcoin Defends $88,000 Support as Weekend Sell-Off Exhausts Liquidity.
The bleeding has finally stopped. After a relentless slide driven by geopolitical fears, Bitcoin found a hard floor at $87,950 during the Asian Monday open. The aggressive selling pressure that dominated the weekend has evaporated, leaving the market in a state of quiet accumulation.
This is a classic "absorption" phase.
Order book data shows that whales are not chasing price; they are simply parking massive limit buy orders below $88k and letting retail panic-sellers fill them. Funding rates have flipped back to neutral, indicating that the over-leveraged shorts are beginning to close their positions.
Traders should watch the $89,200 level today. A clean reclaim of this zone confirms that the "Greenland Dip" was a liquidity trap, setting the stage for a grind back toward $91,000.
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JUST IN: Bitcoin Defends $88,000 Support as Weekend Sell-Off Exhausts Liquidity.
The bleeding has finally stopped. After a relentless slide driven by geopolitical fears, Bitcoin found a hard floor at $87,950 during the Asian Monday open. The aggressive selling pressure that dominated the weekend has evaporated, leaving the market in a state of quiet accumulation.
This is a classic "absorption" phase.
Order book data shows that whales are not chasing price; they are simply parking massive limit buy orders below $88k and letting retail panic-sellers fill them. Funding rates have flipped back to neutral, indicating that the over-leveraged shorts are beginning to close their positions.
Traders should watch the $89,200 level today. A clean reclaim of this zone confirms that the "Greenland Dip" was a liquidity trap, setting the stage for a grind back toward $91,000.
#Bitcoin #MarketStructure #CryptoRecovery