- Analyst Ted Pillows said large Bitcoin sell orders sit between $79,000 and $80,000, while major buy orders sit around $73,000 to $75,000.
- Analyst Seth said 105,733 traders were liquidated for about $282.87 million, with nearly $1.99 billion in long liquidation liquidity.
- Analyst Ardi said the current rebound still sits below the prior $84,000 distribution zone.
Bitcoin’s rebound toward $80,000 is drawing fresh bullish excitement, but several analysts say the setup still looks more like a liquidity-driven rally than a confirmed trend reversal.
BTC is climbing back toward the $79,000 to $80,000 area, yet the latest market maps suggest the move may still be vulnerable to a sharp reversal.
Three separate analysts pointed to heavy sell pressure overhead, large liquidation pools on both sides of the price, and a broader structure that still resembles a bear market rally rather than a clean breakout.
Analyst Says Heavy Sell Walls Cap Bitcoin Near $80,000
Ted Pillows said large Bitcoin sell orders have been placed between $79,000 and $80,000, while sizeable buy orders are sitting lower around $73,000 to $75,000. His order-book chart showed visible overhead supply stacked near the upper band and stronger bid support deeper below the current price.
Bitcoin is in a narrow tactical zone. On one hand, the market is close to a resistance cluster that could absorb upside momentum. On the other hand, strong buy-side liquidity below suggests the market may first sweep lower before attempting another push higher.
Analyst Ted Pillows said, “Probably a sweep of downside and then a pump could happen here.” In effect, his chart points to a market where both sides of liquidity remain attractive, but where sellers still dominate the immediate ceiling.
Liquidation Pressure Remains Heavy on Both Sides
Seth added a derivatives view that reinforces that same two-sided setup. He said Bitcoin liquidated shorts first, then market makers unwound some late longs. According to his post, 105,733 traders were liquidated, and total liquidations reached about $282.87 million.
Notably, analyst Seth identified roughly $1.99 billion in long liquidation liquidity down to $76,000 and $1.34 billion in short liquidation liquidity up to $80,000. His heatmap suggests Bitcoin is trading between two large liquidity magnets rather than inside a clean directional breakout.
That makes the next move more complicated. A push higher could squeeze shorts into $80,000, but a failure there could quickly expose the market to long-side liquidation pressure toward $76,000.
BTC Rally Still Fits a Classic Bear Market Pattern
Analyst Ardi took the broader structural view and warned that traders may be celebrating too early. He said market participants who have not studied bear markets often mistake a relief rally for the final bottom. He argued that the current rebound still has not returned Bitcoin to the prior $84,000 distribution zone.
According to Ardi, the last cycle saw a similar phase where price rallied nearly 50% back into the prior distribution area, spent weeks trying to hold it, then rolled over, set a macro lower high, and dropped 65%. He said that is exactly how bear market rallies build lower highs.
That comparison sharpens the current debate. Bitcoin has bounced, but Ardi argues the move remains structurally incomplete. In his view, a 3% push above resistance is not enough to confirm a real trend change.
Related: BTC Rally Turns Speculative as Futures Demand Outpaces Spot
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
