Bitcoin Liquidity Dips Before PPI Release: Whales Withdraw Amid Rising Volatility
PPI Release and Market Sentiment: The U.S. Producer Price Index (PPI) is set to be released on November 25, with expectations holding steady at 2.7 percent year over year, influencing market caution and risk asset exposure, including Bitcoin.
Bitcoin Order Book Dynamics: Heavy sell-side liquidity is observed in Bitcoin order books, with significant sell walls between 80,000 and 90,000 dollars, indicating sellers are actively defending higher prices as Bitcoin trends lower.
Whale Activity and Market Pressure: Data shows that larger buyers (1 million to 10 million dollars) have been selling aggressively, contributing to downward pressure on Bitcoin, while smaller retail buyers have remained steady but insufficient to counteract whale distribution.
Potential Impact of PPI on Bitcoin: Depending on the PPI outcome, Bitcoin could either strengthen sell walls if PPI exceeds expectations, remain range-bound if it matches, or temporarily thin resistance if it falls below 2.7 percent, allowing for potential upward movement.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35997.598 | 47998.799 | 60267.618 | 72268.819 | 84537.638 | 96538.839 | 108807.658 |
| Fibonacci | 47998.799 | 57269.947 | 62997.671 | 72268.819 | 81539.967 | 87267.691 | 96538.839 |
About BTC
About the author
