Bitcoin Eyes $71K As Bid-Side Pressure Builds Near Range Lows
Published on March 30, 2026.
Bitcoin (BTC) experienced a rare bid-side imbalance when it traded below $65,000 on Sunday, indicating strong buying pressure across multiple depth levels. This may have confirmed a short-term bottom for the BTC price. With over $1.6 billion in short leveraged positions at risk of liquidation near $71,000, the setup suggests a potential relief rally if BTC can hold above $66,700 on the daily chart. The imbalance ranked in the 99th percentile across the 1, 2, 5% and 10% orderbook depth, marking one of the strongest buying responses in recent weeks. However, a four-hour bullish break of structure added confirmation to the trend shift.
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