Markets News COINTELEGRAPH IN YOUR SOCIAL FEEDfresh X analysis on Feb. 27, trader and analyst Rekt Capital flagged an incoming “gap” in CME Group’s Bitcoin futures markets.

Battle of the Bitcoin futures gaps begins

Bitcoin (BTC) hit new multimonth lows around $82,160 into the Feb. 26 daily close, data from Cointelegraph Markets Pro and TradingView confirmed, and subsequently rebounded by about 5%.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Despite this, fears remain over where the market may put in its next local bottom, thanks to a broad liquidity wipeout and lack of buyer conviction.

The latest data from monitoring resource CoinGlass shows dispersed bid liquidity around $80,000, which pales in comparison to the wall of asks up to $90,000.

BTC liquidation heatmap (screenshot). Source: CoinGlass

For Rekt

Keep reading this article on Cointelegraph.com.

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