Pressure Builds Before Jobs Data as Bitcoin Nears a Critical Inflection Zone
Crypto de-risks alongside tech equities while liquidation balance improves and on-chain signals hint at a potential medium-term turning point.
🪙 Crypto Market Overview
Bitcoin and the broader crypto market remain under pressure as the sell-off in technology stocks spills into other risk assets. The weakness comes ahead of today’s U.S. jobs report, where November NFP expectations range widely between +30,000 and +100,000, with consensus clustering around +40,000 to +75,000.
Liquidation maps show an unfilled cluster of short liquidations near 89,000–90,000 USD, suggesting price could still be drawn toward that area. At the same time, much of the liquidation interest between 70,000 and 80,000 USD has already been cleared.
Most notably, upside and downside liquidation pools are now close to balanced. Previously, downside risk dominated. This symmetry implies that market makers now have similar incentives in both directions, increasing the probability of a large directional move once price commits.
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