Bitcoin surged to $113,000 before Wall Street opened, hinting at a potential gold copycat move. Liquidity conditions suggest a looming short squeeze at $115,000. Traders are divided on bullish sentiment. Spot demand remains weak despite the rebound. Order-book liquidity reveals resistance at $114,500, sparking speculation of intentional price manipulation. The market is cautious as Bitcoin approaches a high-leverage short position zone below $115,000. Macro tailwinds could push prices higher, but a liquidity flush remains a possibility.

Read more at Cointelegraph: Bitcoin Traders Hope for Highs as BTC Coils Beneath Liquidity