BTCUSD | Liquidity void toward institutional zone (65k)Bitcoin / U.S. dollarBITSTAMP:BTCUSDDominaJBitcoin has been showing extremely high volume around the previous high at 109,308, which has been rejected so far. A potential retest followed by a deeper pullback remains likely. Volume analysis suggests the current leg up is liquidity-driven rather than supported by active participation, leaving a significant liquidity gap below. The last leg up appears liquidity-driven rather than supported by active participation, leaving a significant liquidity void extending toward the major high-volume concentration near 65,730, where multiple confluences - including institutional positioning, EMA200 (1W), and EMA50 (1M) align. This remains the primary rebalancing zone should the market continue to unwind. However, if 111,140 holds as near-term support, potential upside targets stand at 123,275, 135,220, and 147,345, representing progressive re-entries into prior distribution zones. Sustained acceptance above 111,140 could shift near-term sentiment toward bullish structure rather than continuation of distribution. This is not a buy or sell signal. These observations are for market-study purposes only and should not be interpreted as trade instructions. ⚠️ Risk Note: It is recommended not to overleverage your positions. Overexposure is the main killer of portfolios. Position sizing directly impacts mental clarity: excessive size can cloud judgment and trigger emotional reactions, while appropriate sizing supports composure and disciplined execution. It is better to collect steady breadcrumbs than to risk giving away your capital. Trading risk can be managed but never eliminated. ❗Disclaimer: This content is provided for educational purposes only. It does not constitute financial, legal, tax, or investment advice. The author does not provide trading signals, portfolio management, or any services regulated by the Financial Conduct Authority.