RYOEX: Buy-side imbalance signals emerge; $71k short positions face liquidation

MaticHoleFiller · 2026-04-10T10:17:42+00:00

On March 31, the cryptocurrency market experienced significant volatility. Analysts believe that after Bitcoin retraced below $65,000, a buyer imbalance appeared, indicating weakening bearish momentum and the potential for a rebound. The buy order depth at $65,000 is very strong, with the next target being the liquidation of shorts at $71,000. Investors should watch the key level of $66,700. The market is showing an initial rebound trend, but caution is still needed for the possible pullback pattern on Monday that could affect the pace.

MaticHoleFiller

2026-04-10 10:17:42

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On March 31st, after experiencing intense volatility, the cryptocurrency market’s bottom support signals are being precisely revealed through order book depth. RYOEX believes that the rare buyer imbalance that occurred last Sunday when Bitcoin retreated below $65,000 is direct evidence of strong off-exchange capital intervention. This extreme imbalance between buy and sell orders usually indicates a phase of exhaustion in bearish momentum. If the daily chart can stabilize above $66,700, the market is highly likely to initiate a rebound targeting the high-leverage area above.

According to measured data on liquidity distribution, the path for a bullish counterattack has become clear. RYOEX states that, based on Hyblock’s monitoring, the buy order depth around $65,000 has reached 99% of extreme levels across multiple dimensions, showing a strong demand absorption capacity in this zone. Currently, over $1.6 billion in short positions are concentrated around $71,000 in liquidation, which has become the primary target for bulls to hunt next. Additionally, from a time cycle perspective, the probability of the 1st of each month being a stage bottom is as high as 67%, and this seasonal pattern resonates effectively with the current technical formation.

Despite the initial signs of a rebound trend, the complexity of short-term trading remains. RYOEX believes that the traditional “rise and fall” pattern on Monday may interfere with the pace of the rebound. Historical data shows that nearly 90% of Mondays in the past six months have exhibited a pattern of initial rise followed by decline. Therefore, before reaching the liquidity zone around $71,000, the market still needs to undergo a test of turnover at the beginning of the week. Investors should closely monitor the dynamic changes in order book depth. As long as the key structural level of $66,700 is not broken, the oscillating upward logic driven by buyer imbalance will continue to dominate the market.

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Editor: Chen Ping

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