Bitcoin [BTC] continues to defend its strong position above $105,000, even as traders brace for a possible surge toward a new all-time high around $130,000 in the coming quarter.
Current data shows Bitcoin’s Distribution by Realized Supply indicates the asset is trading at a premium compared to the average cost basis for holders. Meanwhile, the 24-hour liquidation map highlights significant leverage clustering near current levels, signaling potential price swings ahead.
High Volatility Zones Could Decide BTC’s Next Move
The latest liquidation heatmap shows concentrated liquidity above $108,800 and below $107,100. These zones act as pressure points where traders expect sharp liquidations if price momentum breaks in either direction.
A decisive close above $108,800 could unleash a liquidation cascade on short positions, driving Bitcoin into fresh price discovery and fueling a possible push toward $110,000 and beyond. On the other hand, if BTC drops below $107,100, it may trigger liquidations of long positions, adding extra downside pressure.
Aguila Trades Bets on Short Setup
In a sign of the high-stakes leverage battle playing out, Aguila Trades re-entered the market with a 20x leveraged short position, according to Onchain Lens. This move followed BTC’s slip under $108,000, which Aguila is counting on to extend lower if bearish momentum holds.
However, should Bitcoin break above $108,800, Aguila’s short position could face rapid liquidation, flipping pressure back onto bears. If BTC fails to hold that level and slides under $107,100, the setup could pay off for Aguila, reinforcing the short bias and deepening any correction.
Could Bitcoin Reach $130,000 Next?
Market watchers say the next big signal will come from Bitcoin’s weekly close. A strong close above $110,000 could act as a springboard toward the Fibonacci extension target at $135,500.
This echoes BTC’s breakout in Q4 2024, when a sustained move above $75,000 triggered a powerful rally. If this staircase pattern repeats, a confirmed close above $107,720 could clear the path first to $110,000, then to the much-anticipated $130,000 mark.
Risks Remain If Key Levels Fail
If Bitcoin struggles to maintain momentum above $108,000, traders warn of a possible pullback to the $92,000–$95,000 support range.
Despite repeated bullish breakouts and retests, a failure to secure a decisive weekly close above $107,000 could stall the rally and trap BTC in an extended sideways phase, slowing its run toward a new all-time high.
For now, leveraged liquidity pockets and heavy speculation are setting the stage for Bitcoin’s next big move. Traders should closely track these critical zones as BTC’s Q3 direction hangs in the balance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
