Data shows Bitcoin dip buyers waiting for lower prices: Is $70K BTC’s next stop?

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BTC/USDT price, bid-ask ratio and VPVR profile. Source: Hyblock Liquidation data adds another pressure point. The heatmap shows more than $3.4 billion in cumulative long positions exposed near $74,700. The figure rises toward $11 billion if Bitcoin falls to $70,000 across the 90-day liquidation range. Taken together, the positioning data suggests traders are prioritizing deeper liquidity pools rather than chasing higher prices above $80,000. Bitcoin exchange liquidation map. Source: CoinGlass Crypto analytics platform Hyblock noted Bitcoin retail traders are again leaning heavily bullish as its “True Retail Accounts” long percentage metric climbed above 60%. The indicator tracks the share of retail futures accounts holding long positions. BTC/USDT, one-day chart. Source: Hyblock/X Previous spikes into the platform’s “extreme long” zone aligned with short-term local tops during rallies toward the $78,000-$82,000 range in early May. The price momentum later cooled after retail positioning became too crowded. Hyblock explained that the strongest recovery points appeared when retail traders turned aggressively bearish. Several periods when fewer than 35% of retail accounts held long positions emerged near Bitcoin’s lows in March and April, before BTC rebounded from the mid-$60,000 range. Hyblock combines the retail positioning metric with a 14-period relative strength index (RSI) reading to identify sentiment extremes for BTC. The latest reading shows the TRA Long (%) near 60.7%, while the RSI stayed elevated at 74.9, suggesting retail traders are still positioned for prices near $76,000. This could lead to deeper correction if BTC follows its previous market behavior. More on the subject

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