Bitcoin Trapped Between $62K and $65K Liquidity Pockets
Bitcoin is currently trading in a tight range between two key price zones. According to data from Smart Money Crypto, one zone sits below the current market price, between $61,400 and $62,600, with over seven billion dollars in leveraged positions stacked within it.
This zone marks the densest liquidity pocket on the chart, but sentiment is already leaning towards fear, as indicated by a Fear and Greed Index of 27. The setup creates a contradiction where traders are at risk of exposure to a move in either direction.
On the other side, a lighter cluster sits above current price, between $65,000 and $65,400, with about five billion dollars in leveraged exposure. Bitcoin was trading inside this zone before yesterday's drop, when it lost the $65,000 support level.