{"id":53911,"date":"2025-09-24T04:07:18","date_gmt":"2025-09-24T04:07:18","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53911"},"modified":"2025-09-24T04:07:19","modified_gmt":"2025-09-24T04:07:19","slug":"bitcoin-price-can-purge-to-106k-next","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53911","title":{"rendered":"Bitcoin price can purge to $106K Next?"},"content":{"rendered":"<p>Data support the view that Bitcoin trades at a discount, and traders are buying the dip, but charts still warn of a potential sell-off to $106,000.<\/p>\n<p><strong>Key takeaways: <\/strong><\/p>\n<ul>\n<li>\n<p>Buying among retail and whale-sized traders helped slow down the BTC price sell-off, but bears still have a good chance of exploiting long liquidations to $106,000.\u00a0<\/p>\n<\/li>\n<li>\n<p>Spot and perpetual futures volumes lack aggression, preventing a lasting trend reversal, and sellers continue to sell into price rebounds.\u00a0<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin bulls are fighting to hold the $112,000 level just a day after the crypto market witnessed its largest single-day long position liquidation for the year. On Monday, $1.62 billion in long positions were liquidated, and as the market attempts to recover, Glassnode analysts warn that the Bitcoin bull market could be entering its \u201clate-cycle phase.\u201d\u00a0\u00a0\u00a0<\/p>\n<p>Despite BTC briefly holding above $112,000,\u00a0aggregate cumulative volume delta data from Hyblock shows sellers continuing to dominate the price action, elevating the chance for a deeper sell-off closer to the range lows.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01997808-f29b-74aa-8bd1-ca243745eba3\" \/><figcaption><em>BTC\/USDT 15-minute chart. Source: Hyblock<\/em><\/figcaption><\/figure>\n<p>Taking a look behind the curtain, the True Retail Longs and Shorts Account (Binance) metric shows retail traders and whales increasing their leverage long positions since Monday, as BTC price sold off, and the 1 million to 10 million cohort anchored CVD and 1,000 to 10,000 four-hour anchored CVD highlight a tussle between buyers and sellers.<\/p>\n<p data-ct-non-breakable=\"undefined\">Compared against the bid-ask ratio set at 10% aggregate orderbook depth, one can see selling pressure dissipating as BTC price attempts to consolidate in the $113,000 to $111,000 zone.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01997808-f775-7b89-b6f2-2c93eec24540\" \/><figcaption><em>BTC\/USDT Binance perps chart. 15-minutes. Source: Hyblock<\/em><\/figcaption><\/figure>\n<p>\u00a0\u00a0\u00a0\u00a0<em><strong>Related: <\/strong><\/em><em><strong>Bitcoin struggles at $113K as Fed\u2019s Bowman hints at faster rate cuts<\/strong><\/em><\/p>\n<p>Despite buyers showing appetite in BTC\u2019s current range, bulls are not out of the woods yet, and liquidation heatmaps show the price chewing through underlying bid liquidity, with a larger cluster sitting at $107,000.\u00a0\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01997808-fb00-76e9-9797-d66b27656ef1\" \/><figcaption><em>Bitcoin liquidation heatmap. Source: 1-month lookback, 10-min time frame. Hyblock<\/em><\/figcaption><\/figure>\n<p>Taking a wider view of the current Bitcoin-specific market dynamics (excluding macro, spot BTC ETFs and US equities), the day-to-day price action has been majority perpetual futures market driven.<\/p>\n<p data-ct-non-breakable=\"undefined\">Open interest has fluctuated within the $46 billion to $53 billion range from late July 22 until this week, and barring recoveries from range lows at $112,000 (Aug. 3) and $107,000 (Sept. 1), buy volume within spot markets and aggressive use of long leverage in the perps market are largely absent.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01997808-ffc8-7ad9-bcb2-9998c9831ef9\" \/><figcaption><em>BTC\/USDT Binance one-day chart. Source: <\/em><em>TRDR.io<\/em><\/figcaption><\/figure>\n<p>Such a situation, where longs are hesitant to turn up the volume in spot and futures markets, heightens the odds for sellers who may attempt to push the price into leveraged longs at risk of liquidation from $110,000 to $106,000.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data support the view that Bitcoin trades at a discount, and traders are buying the dip, but charts still warn of a potential sell-off to $106,000. Key takeaways: Buying among retail and whale-sized traders helped &hellip; <a title=\"Bitcoin price can purge to $106K Next?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53911\"><span class=\"screen-reader-text\">Bitcoin price can purge to $106K Next?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin price can purge to $106K Next? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53911\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price can purge to $106K Next? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Data support the view that Bitcoin trades at a discount, and traders are buying the dip, but charts still warn of a potential sell-off to $106,000. 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