Bitunix Analyst: Liquidity Crunch Oscillation, BTC Reclaims $67.5K Level Amid Liquidity Squeeze, Targets $70K Liquidation Zone

BlockBeats News, March 30th, the market core has shifted from data to liquidity itself. The delayed resolution of the Middle East situation has kept risks hanging for a long time; at the same time, the spread in U.S. Treasury trading prices has expanded by about 27%, and some market liquidity has temporarily dropped to around 10% of normal levels, representing market makers pulling back, counterparties dwindling, and the market shifting from "active trading" to "passive matching," making prices more susceptible to being driven by liquidation.

This week is dense with key data: China's PMI on Tuesday, U.S. ISM and ADP on Wednesday, and non-farm payrolls on Friday. In a disrupted liquidity environment, these events are more likely to amplify volatility rather than provide direction.

Turning back to BTC, previously the highest liquidity was concentrated around 67,500 and 65,100, and has now been cleared, indicating a round of long and short deleveraging has occurred. The current price has returned to around 67.5K, re-entering a new liquidity game zone. If the price can stabilize above this zone, it indicates effective support below, and the next clear liquidity target above will shift to around 70K. However, until overall liquidity is restored, price movement is still more skewed towards liquidation-driven, and sustainability needs to be carefully observed.