Bitcoin liquidity wars carry on, but BTC price target remains $140K

Key Points

1. Bitcoin holds firm above $115,000 as buyers absorb sell pressure, setting the stage for a potential breakout.

2. Net Taker Volume turned negative, dropping below $60 million, indicating bearish sentiment driven by retail sell pressure, particularly on Binance.

3. Regional demand trends show caution in the US and lack of enthusiasm in Korea, as indicated by the Coinbase Premium Index and Korea Premium Index.

4. Despite sell pressure, buyers quickly absorbed a $4.1 billion negative cumulative volume delta (CVD), followed by a $2.3 billion positive spike, showing strong demand.

5. Technical analysis suggests a breakout above $120,000 is possible, with a potential sweep of the daily fair value gap (FVG) between $115,200 and $112,000 providing liquidity for further gains.

6. Bitcoin remains in the growth zone, with market participants supporting buying activity, and potential upside toward $140K without overheating risks.