FOMO Surges as Bitcoin Bulls Near Liquidity Peak and Resistance Breakthrough

Bitcoin bulls are on the verge of surpassing their liquidity levels, potentially breaking through crucial resistance barriers, and initiating BTC price discovery. BTC price action approached $67,000 following a surge in the latest daily close. Despite remaining within a narrow range, bullish momentum persisted as traders continued to chip away at nearby order book liquidity.

According to the CoinGlass monitoring resource, a bid wall of approximately $35 million on Binance was absorbed during the daily close, with the majority of ask liquidity now concentrated between $67,000 and $67,500. Trading resource material indicators highlighted the dynamic changes in liquidity placement, emphasizing how they impact overall price action. An accompanying chart showcased trading behavior among different classes of Bitcoin whales, particularly noting increased exposure in the $1–$10 million order category throughout April.

Furthermore, research firm Santiment's analysis indicated a surge in "FOMO" among wallets holding between 1,000 and 10,000 BTC ($66.7 million—$667 million). These key whale tiers now collectively hold more than a quarter of the BTC supply, signaling potential for new record highs. Meanwhile, QCP Capital suggested in its market updates that crypto markets could experience a final phase of low volatility before significant changes occur. Analysts referenced the reset in Bitcoin funding rates and observed a gradual return of interest to U.S. spot Bitcoin exchange-traded funds (ETFs), particularly noting consistent inflows reported by BlackRock over 70 consecutive days.