Bitcoin ($BTC) Traders shifted their focus down as futures and order book data showed strong buyer interest in the $68,000 to $70,000 zone.
Selling pressure is building in the derivatives market, with the daily bid-to-price ratio falling to -0.03, indicating that sellers are currently more active than buyers as traders take positions near liquidation levels.
Bitcoin buyers are concentrated around $68,000
The Visible Range Volume Profile (VRVP) indicator has shown the $68,000 to $70,000 area as the most heavily traded zone on the chart since November 2025. The high trading activity at this price range suggests that most positions have been opened around those levels for the past few months.
Order book data also shows a bid-to-bid ratio of -0.03, a metric that has remained in negative territory for most of the past month as sell-side activity continued to outweigh aggressive buying pressure.
$BTC/$USDT Price, Bid-Price Ratio, VPVR Profile. Source: High Block
Clearing data add Another pressure point. The heatmap shows that over $3.4 billion of cumulative long positions are exposed around $74,700. If Bitcoin falls to $70,000 in the 90-day liquidation window, this number would rise towards $11 billion.
Taken together, the positioning data suggests that traders are prioritizing deeper liquidity pools rather than chasing highs above $80,000.
Bitcoin exchange clearing map. Source: Coin Glass
Related article: Bitcoin price remains below $77,000 as US Treasury yields near 20-year high
$BTC retail stores are crowded
Crypto analysis platform Highblock noted that Bitcoin retail traders are once again significantly bullish as the “True Personal Account” Long Percentage Indicator rose above 60%. This indicator tracks the percentage of retail futures accounts holding long positions.
$BTC/$USDT1 day chart. Source: Hyblock/X
The platform’s previous jump into the “extreme long” zone coincided with a short-term local high in early May during the rally towards the $78,000 to $82,000 range. Price momentum then slowed as retail price positioning became too crowded.
Highblock explained that the strongest recovery points emerge when retail traders are actively bearish. Prior to that, there were several periods in March and April when fewer than 35% of individual accounts held long positions near Bitcoin’s lows. $BTC It rebounded from the mid-$60,000 level.
Hyblock combines retail positioning metrics with a 14-period Relative Strength Index (RSI) measurement to identify extremes in sentiment. $BTC.
recent reading show TRA Long (%) is around 60.7%, while the RSI remains high at 74.9, suggesting retail traders are still positioning the price around $76,000. This may lead to deeper modifications. $BTC Follow previous market behavior.
Related: Bitcoin miner Canaan posts $88.7 million net loss in first quarter $BTC decline
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