Bitcoin is approaching the $67,000 mark, with liquidity and short liquidation driving short-term volatility

BlockBeats News, June 15th. As the US and Iran reached a ceasefire agreement, driving a broad rally in risk assets, Bitcoin continued its rebound, approaching the $67,000 mark at one point, but the market showed significant divergence on its future trajectory.

According to market data, Bitcoin extended its upward trend during the opening of the US stock market on Monday, with a daily gain of about 1.5%. This was driven by the US-Iran peace progress and a decline in oil prices, leading to a synchronous 2% to 2.4% rise in the S&P 500 and Nasdaq indices.

Traders pointed out that the current market is more driven by "liquidity" rather than trend-following buying pressure. Some analysts believe that BTC may face short-term selling pressure near the $67,000 area, which is seen as a key liquidity-rich zone.

At the same time, order book data indicates that market depth remains thin, causing prices to easily be pushed up or down within a range. Derivatives liquidation data also shows a concentrated short liquidation during the US stock market opening, further amplifying price fluctuations.

On-chain data firm Glassnode pointed out that an intensive open interest area has formed in the options market around $65,000, and market maker hedging behavior may to some extent provide support, thereby stabilizing the short-term market structure.

However, some traders remain cautious about the sustainability of the trend, believing that the current rebound is closer to "liquidity replenishment" rather than a clear bottom confirmation, and they expect the market to continue to experience oscillations and retracement tests.

Furthermore, on-chain metrics indicate that after the price fell to around $60,000, the accumulation trend among multiple wallet clusters has risen, indicating that some long-term funds are starting to absorb selling pressure once again.