Bitcoin’s (BTC) Q2 is formed nicely with a 3.77%return in April after 17.39%and 2.3%consecutively in February and March. The new annual lowest is formed at $ 74,500, but BTC is now more than $ 90,000 than the new range of the new range.
Bitcoin 1 day chart. Source: COINTELEGRAPH/TradingView
Bitcoin’s HTF (Hight Time Frame) market structure achieved its first brake out in 2025, causing optimism between bulls for significant upward exercise. However, the following factors can limit the profits of BTC for the next two weeks, and the price is about $ 90,000.
Related: Can 3 months Bitcoin RSI HIGHS opposes the Bearish BTC price ‘seasonality’?
Bitcoin requires spot volume as well as leverage driving.
Cointelegraph confirmed the cooldown in the futures market as the BTC-UseDT futures leverage decreased by 50%. The surge in the futures market is a positive development in the long run, but derivatives traders controlled the market at that time.
Bitcoin cumulative pure volume volume. Source: x.com
AXEL ADLER JR., a researcher at Bitcoin The BTC Price also increased from $ 78,000 to $ 85,000 within three days, and confirmed the previous historical pattern of acquiring this price at a high moment.
Similarly, Cryptoquant’s community analyst Maartunn has confirmed that the rally is a “leverage pump.” There is a inconsistency because the sleeves or spot traders are still not related.
Clear demand for Bitcoin 30 days. Source: cryptoquant
As you can see on the chart, the obvious demand for bitcoin is on the recovery path, but is not pure positive yet. Historically, the clear demand for 30 days can be moved to the side of the encryption after the BTC reaches the local floor and then sideways for the extended period.
Therefore, Bitcoin is unlikely to violate $ 90,000 in the first attempt after nearly 20%of the Spot and Futures Market.
A large liquidation cluster between $ 80-$ 90K can be a bait trader
By positioning the futures traders in any direction, COINGLASS’s data emphasized important cumulative length and short liquidation leverage between $ 80,000 to $ 90,000. When the BTC price reaches $ 90,035 with a default price, the total cumulative short position at the risk of liquidation is $ 6.5 billion.
Bitcoin exchange liquidation. Source: COINGLASS
On the other hand, if the BTC falls to $ 80,071, a long -term order of $ 48.6 billion will disappear. The liquidation cluster does not determine the direction bias, but can create a long or short pressure, and the trader is made of bait on both sides of each transaction.
If these high capital is less than $ 90,000, you can target each cluster before Bitcoin moves to dominant side.
Related: Bitcoin Trader aims to be $ 90K as clear tariff exemptions relax with US financial harvests.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.