If your position needs a breakout to survive,

BTC is not trending.
It is rotating inside liquidity.
At today’s session open, BTC was trading inside a 65.5k – 68.4k range, with multiple upper and lower wicks and no clean 4H expansion.
That’s compression. Not breakout.
Now let’s look deeper.

📊 On-chain backdrop
SOPR ~ 0.99 → market near break-even behavior.MVRV ~ 1.2 → no euphoric extension.NUPL ~ 18% → moderate unrealized profit.M2 stable → no macro shock.
Macro is neutral.
So short-term positioning dominates.

📈 Derivatives layer
Open Interest ~ 44.7B+, elevated while price compresses.Funding slightly positive → longs paying.Taker L/S ~ 0.95 → aggressive selling pressure.Top traders net long bias.CVD negative (~ -700k area) → sell aggression visible.Futures/Spot ratio ~ 12 → leverage dominates activity.ATR compressed → normal volatility sweep equals full range move.

Translation:
Leverage is active.
Continuation is not confirmed.

🗺 Liquidity layer
Liquidation clusters stacked above ~68.5k and below ~65.5k.Broader liquidity pool visible near 69k–72k.Lower draw zone near ~63k.Whale trades appearing inside range.Hyperliquid positioning active, no full leverage reset.

Price is trading between liquidity magnets.
So… am I going to get liquidated?
If:
Price is inside compression,OI is elevated,Funding is positive,Aggression leans against your side,Liquidation clusters sit within normal ATR distance,
Then liquidation does not require a crash.
It only requires a sweep.
If your position depends on price not touching the range edge,
you are structurally fragile.

If you want a deeper breakdown of how to read each tool step by step, leave a comment.

Disclaimer:

This content is for educational purposes only. It does not constitute financial advice, investment recommendations, trading signals, or market predictions. The author is not responsible for any decisions made based on this content. Always conduct your own research (DYOR).

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