🚨 BITCOIN KEEPS MOVING, BUT THE REAL STORY IS HAPPENING IN THE DERIVATIVES MARKET.

Over the last week, derivatives buyers have remained active even though the price has struggled to break through that level. Open interest has cooled slightly, funding has returned toward neutral, but buying pressure is still stronger than selling pressure. That usually tells me that leverage is becoming healthier rather than overheating.
The liquidation map also provides some key clues.
Right now, a large cluster of short liquidations sits around 65.5K–66K. If BTC pushes into that area, forced short liquidations could add extra buying pressure and quickly drive the price toward 67K.
On the downside, the first support zone is around 63.5K–63.7K, followed by stronger liquidity near 63K and 62.5K. This is the area I’ll watch if the market starts to drop.
What’s interesting is that long-side liquidity is still far larger than short-side liquidity. That indicates there are still many long positions with leverage open, meaning volatility hasn’t disappeared—it’s just shifted.
There are also much larger liquidation pockets around 55,000. I think that’s fine unless Bitcoin starts losing the key support level above it. As long as that support holds, the deeper liquidity is something to keep in mind, not something to expect.
For now, I think the market is still trading within the 60,000–67k range. Until one side of that range is decisively broken, liquidity—not headlines—will likely continue to determine where Bitcoin moves next.

$BTC ‌$KAITO ‌