BTC at $64K, But Smart Money Isn’t Long: Here’s Why

Bitcoin trades at $64K after sweeping $63.5K, but traders await liquidity sweep and derivatives confirmation before going long.

Bitcoin traded at $64,000 after reaching the 63,000 to 64,000 zone, yet some professional traders remain on the sidelines.

Market observers note that price briefly touched $63,500 and swept Monday’s low before rebounding.

Despite the move into a key range, certain traders say confirmation signals are still missing before entering new long positions.

BTC Tests 63K – 64K Zone After Taking Monday’s Low

Bitcoin moved into the 63,000 to 64,000 range during the latest session.

Price reached the midpoint near $63,500 after taking liquidity below Monday’s low. The move matched prior expectations among short-term market participants.

The sweep of Monday’s low was seen as a technical development. Traders often look for such moves before considering long entries.

The price reaction at this level drew attention across derivatives markets.

However, the move alone has not triggered broad positioning changes. Some traders stated that entry decisions depend on additional confirmation.

As one market participant said, “All we need now is confirmation before considering longs.”

Lack of Confirmation Keeps Traders on Hold

According to active traders, confirmation would include increased short positioning and limited aggressive longing.

They also monitor the spread between spot and perpetual futures markets. A favorable spread can signal stronger structural support.

Current data shows that these conditions are not yet present. Funding and positioning metrics do not reflect heavy short exposure. At the same time, liquidity remains below the recent low.

Traders also seek what they describe as a “quality low” supported by imbalances. Without that structure, they prefer patience.

One trader noted that there is still “liquidity just below the low,” which may attract further price movement.

Related Reading: 6,318 BTC Moved to Binance: Is This Whale Signaling a Major Shift?

Liquidity Sweep Awaited Before Long Entries

Market participants are watching for a potential sweep below current levels.

Such a move could clear resting liquidity and form a stronger base. Until then, some traders are refraining from opening long positions at $64,000.

This approach reflects entry refinement rather than a directional shift. Observers state that the broader plan remains unchanged. The focus is on timing and confirmation rather than price alone.

Bitcoin continues to trade near the upper end of the recent range. Volume and derivatives data remain under close watch.

Traders report that they will reassess long exposure once structural and liquidity conditions align.

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