Bitcoin Net Taker Volume Holds Bearish – Fragile Market Structure Threatens Liquidation Avalanche
Bitcoin's net taker volume refuses to flip bullish—signaling traders remain skeptical despite recent price action. The market's brittle structure now risks triggering a domino effect of liquidations.
Warning signs flash as leverage piles up
Exchange order books show thinning liquidity at critical support levels. One big whale sell-off could spark a cascade—just like clockwork in crypto's boom-bust cycles.
Meanwhile, traditional finance analysts nod sagely about 'market corrections' while quietly doubling their Bitcoin ETF allocations. Some things never change.
Bitcoin Futures Market Remains Fragile Despite Slight Easing Of Bearish Pressure
Top analyst Axel Adler shared critical insights regarding Bitcoin’s current market structure, highlighting rising concerns in the futures market. After Bitcoin reached a new all-time high, bearish pressure on futures intensified, peaking at –7.5% on July 29th. Although this figure has slightly eased to –5.2%, Adler warns that the market structure remains fragile and highly susceptible to external shocks.
Despite Bitcoin’s attempts to consolidate above $110K, futures market dynamics suggest an underlying weakness. Open interest remains high, and taker sell volume continues to outpace buying activity. Adler points out that while the immediate selling pressure has cooled off marginally, the imbalance between aggressive sellers and passive buyers exposes the market to a potential liquidation cascade.
Any negative catalyst — such as regulatory developments, macroeconomic shifts, or a large sell-off — could trigger a rapid sequence of long liquidations. This WOULD instantly amplify bearish momentum, pushing Bitcoin’s price lower and potentially accelerating a deeper correction phase.
Some analysts are now warning of a possible drop below the $100K psychological level if the market fails to stabilize. The coming weeks will be critical, as Bitcoin hovers NEAR key support zones while futures market sentiment remains bearish.
BTC Struggling Below Key Resistance Amid Weak Momentum
Bitcoin is currently trading at $114,061, showing signs of weakness after failing to reclaim the $115,724 resistance level. The recent bounce from the $112,000 zone lacked strong follow-through, as price action remains trapped below the key moving averages. The 50, 100, and 200-period SMAs are now acting as dynamic resistance levels, compressing BTC within a tight range and signaling a fragile market structure.
Bears are defending the $115,724 resistance, which coincides with the 100 and 200 SMA zones, making it a significant barrier for bulls to overcome. If Bitcoin fails to break above this level in the coming sessions, the probability of a retest of the $112,000 support increases, with potential downside extensions toward $110,000.
The overall structure indicates a bearish consolidation, with lower highs forming since late July. The next decisive MOVE will likely be triggered by external catalysts, as the market awaits fresh momentum to determine the trend. A breakout above $115,724 could open the door for a test of $117,000, while failure to reclaim that level keeps BTC vulnerable to deeper corrections. For now, caution dominates the short-term outlook.
Featured image from Dall-E, chart from TradingView
