GM and happy Saturday ☀️
$BTC Heatmap update
Earlier this week liquidity was stacked above, which was bullish because price was being drawn higher.
Now the thicker bands are sitting below, and that changes the role of liquidity.
That doesn’t mean we flip bearish.
It means liquidity has shifted from draw to support.
Liquidity as a draw:
When liquidity is stacked above price, it acts like a magnet, price is incentivised to move up to go and trade into it. That’s when you say “price follows liquidity” in a directional sense.
Liquidity as support:
When liquidity is stacked below price, it’s not pu