Traders Split Ahead of FOMC as Bitcoin Liquidity Builds, Whales Double Down on Longs
Bitcoin traders are divided before the FOMC meeting, with liquidity maps showing crowded shorts while whales increase long positions.Summary
Bitcoin is consolidating below $115,000 as traders await the Federal Open Market Committee (FOMC) meeting, where a 97.8% chance of a 25 basis point rate cut is priced in. Analysts observe a "Bitcoin liquidity sandwich," noting that trapped short positions between $115,000 and $121,000 suggest a potential short squeeze before any significant correction. Liquidation heatmaps show two-sided pressure, with support density around $102,000-$105,000 and resistance at $108,000-$112,000, indicating expected volatility. Furthermore, large players, or whales, are showing renewed confidence; one whale reportedly added $237 million in BTC longs, signaling conviction in a post-FOMC upside acceleration. The outcome of the FOMC meeting is seen as critical, potentially determining whether Bitcoin breaks its current range or experiences a major price movement based on macro catalysts.
(Source：BeInCrypto)