Bitcoin (BTC<\/a>) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> followed BTC\/USD as it focused on $27,500 at the time of writing.<\/p>\n After losing $28,000 the day prior, weekend trading offered little by way of its usual volatility as traders hoped for a break before resumption of TradFi markets.<\/p>\n \u201cLooking like a slow chop around the CME close price so far,\u201d Daan Crypto Trades wrote<\/a> in part of Twitter commentary. <\/p>\n \u201cNot expecting too much to happen with BTC during the weekend after last week’s volatility.\u201d<\/p><\/blockquote>\n Daan Crypto Trades referred to the closing price of CME Group Bitcoin futures markets, a level which could become significant in the event that volatility up or down appears before the start of the new week.<\/p>\n Related:\u00a0BTC price centers on $28K as Deutsche Bank shares follow Credit Suisse<\/a><\/em><\/strong><\/p>\n This would have the effect of producing a \u201cgap\u201d in futures market open and close prices, creating a potential target for spot BTC.<\/p>\n An additional post delineated areas of order book liquidity, which could also act as support and resistance flip levels.<\/p>\n These #Bitcoin<\/a> charts can look messy but it can be useful to mark out the potential liquidity area’s where stop losses may be positioned.<\/p>\n Breaking these levels could cause a little cascade into the next area.<\/p>\n We saw that on the way down already. pic.twitter.com\/jM2LGrXnKj<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) March 25, 2023<\/a><\/p><\/blockquote>\n Fellow trader Crypto Tony conversely hoped that bulls could muster the strength for an attack on $30,000 before a deeper retracement.<\/p>\n \u201cOne more push up on declining volume up to $30,000 please,\u201d he tweeted<\/a> alongside a projection chart. <\/p>\n \u201cI do expect a solid rejection from this area. With all the stuff going on, blasting through with one test just seems very unlikely.\u201d<\/p><\/blockquote>\n Liquidation data meanwhile showed the extent of the reduction in volatility on short timeframes, with short and long liquidations for March 25 totaling less than $5 million.<\/p>\n Related:\u00a0Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express<\/a><\/em><\/strong><\/p>\n By contrast, March 22 saw Bitcoin liquidate over $120 million of positions, according to statistics from Coinglass<\/a>.<\/p>\n Analyzing trader sentiment, trading suite Decentrader eyed what is described as a “pretty simple” long\/short ratio increase , with spot price trending down.<\/p>\n Pretty simple.#Bitcoin<\/a> Long Short ratio kept going up.<\/p>\n Price kept going down. https:\/\/t.co\/scdgLPxo1v<\/a> pic.twitter.com\/OndWvLLgbK<\/a><\/p>\n \u2014 Decentrader (@decentrader) March 25, 2023<\/a><\/p><\/blockquote>\n The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/6d813dc0-4090-428f-a4c6-c0fa6c04fef3.png\")
Bitcoin in “slow chop” until Monday<\/h2>\n
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Liquidations disappear<\/h2>\n
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