Bitcoin (BTC), the cryptocurrency, has been a focus for traders after recent data on futures prices and orders showed a high level of buyer interest between $68,000 and $70,000.
As traders are positioning around liquidation, there is more sell pressure on the derivatives markets.
Bitcoin buyers cluster near $68,000
Since November 2025, the visible range volume (VRVP indicator) shows that the region $68,000-$70,000 is the zone with the highest trading activity. The high trading volume in this price range indicates that most positions have been opened at those levels during the last few months.
Order book data shows that the bid-ask is also -0.03, and has been in the negative zone for the majority of this month, as the sell-side activities continued to exceed aggressive buyer pressure.
BTC/USDT, the bid-ask rate and the VPVR profile. Source: Hyblock
Liquidation data adds Another pressure point. Near $74,700, the heatmap shows that more than $3.4 Billion in long cumulative positions are exposed. This figure could reach $11 Billion if Bitcoin fell to $70,000 within the 90 day liquidation period.
The data suggest that traders prioritize deeper liquidity pools over chasing prices higher than $80,000.
Bitcoin exchange liquidation map. Source: CoinGlass
Related: Bitcoin price stays under $77K as US bond yields near 20-year highs
BTC retail Longs are Clogged
Hyblock, a crypto analytics platform, noted that Bitcoin retail traders were again heavily leaning bullish. “True Retail Accounts” Long percentage metrics jumped above 60%. This indicator measures the percentage of futures retail accounts that hold long positions.
BTC/USDT, one-day chart. Source: Hyblock/X
The spikes in the previous platform “extreme long” Zone aligned to short-term tops in the local market during rallies towards $78,000-$82,000 at early May. After retail positioning got too crowded, price momentum was slowed.
Hyblock explained that retail traders who became bearish aggressively were the ones to see the biggest recovery. Near the lows of Bitcoin in March and early April, fewer than 35 percent of retail account holders held long positions. BTC then recovered from its mid-$60,000 price range.
Hyblock combines a Retail Positioning Metric with RSI (Relative Strength Index) for identifying sentiment extremes.
This is the latest news shows Retail traders may still be positioned at prices close to $76,000, as the RSI remained high, at 74.9. If BTC continues to behave in the same way as it has done previously, this could result in a deeper correction.
Related: Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline
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Source: cointelegraph.com
