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Bitcoin pushed higher as the United States trading session got underway, picking up what traders call "upside liquidity" — the cluster of buy orders and stop-losses sitting above recent price levels that can pull a market higher in short bursts.
Whether those gains can hold is a different question, and several analysts are skeptical. What "Upside Liquidity" Actually Means Liquidity, in this context, is not cash sitting in a bank.
It refers to resting orders on the order book — particularly the stop-loss orders of traders who had bet against Bitcoin.
When price rises into those zones, those positions are forced to close, which means buying, which pushes price higher still. The move looks like momentum; it may simply be a mechanical sweep.
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