Bitcoin (BTC) showed a rare bid-side imbalance after dipping below $65,000 on Sunday, with order-book data signaling strong buying across multiple depth levels and suggesting a short-term bottom. More than $1.6 billion in short leveraged positions sit near $71,000, making that level a visible upside target if BTC can hold above $66,700 on the daily close and trigger a relief rally.
Bitcoin bid-ask imbalance meets market structure change
Hyblock captured a pronounced bid-side skew near $65,000, ranking in the 99th percentile across the 1%, 2%, 5% and 10% order-book depth bands — one of the strongest buying responses in recent weeks. Order-book depth measures total buy and sell orders within percentage ranges around price, revealing near-term liquidity pressure. At that zone bids outweighed asks across key layers, and BTC quickly rebounded into the $67,000–$68,000 area, matching prior instances where selling pressure dissipated after similar extremes. That suggests localized exhaustion of downside momentum as buyers absorbed clustered liquidity.
Technically, a bullish break of market structure on the four-hour chart supports the shift, but the setup requires holding above $66,700 into Monday’s daily close. CoinGlass data shows cumulative short liquidation interest stacked near $71,000 at roughly $1.6 billion, outlining a clear upside target during a relief move.
April pivot trend meets Monday bearish pattern
A time-based factor also favors a bounce: trader LP noted that April 1 has acted as a local low in about 67% of observed cases over the past nine months, meaning early-month pivots can increase the odds of a bottom when price approaches from the downside. Conversely, weekly behavior may cap gains in the near term. Analyst KillaXBT highlighted that roughly 90% of Mondays have printed early highs followed by selling pressure; over the past six months, 20 of 24 Mondays produced at least a 3% downside move.
Those signals frame the current price action as a balance between a favorable April-1 setup and a recurring Monday weakness pattern, with $71,000 the nearest major liquidity cluster to the upside.
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