Market Makes love the liquidity grabs

Those that can move markets tend to move them where all the activity is placed.

In this instance it would be where the liquidity sits.

Often this can be seen on order books in the form of stop losses or buy orders.

Liquidity sweeps before going higher are common themes.

With bitcoin though, the place with all the liquidity is higher now...

(Source: https://x.com/CryptoJelleNL/status/1816833852868092222/photo/1)

Gotta wonder if market makers now run it to that point to snatch that liquidity.

I am betting they do.