Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>) data flashed a rare bid-side imbalance when it traded below $65,000 on Sunday. The bid-ask ratio showed strong buying pressure across multiple depth levels, which may have confirmed a short-term bottom for BTC price.&nbsp;
With more than $1.6 billion in short leveraged positions at risk of liquidation near $71,000, the setup centers on the possibility of a relief rally if BTC can hold above $66,700 on the daily chart.&nbsp;
<h2 id="bitcoin-bid-ask-imbalance-meets-market-structure-change">Bitcoin bid-ask imbalance meets market structure change</h2>
Data from Hyblock <a href="https://x.com/hyblockcapital/status/2038620938116149310?s=20" rel="noopener noreferrer nofollow">captured</a> a sharp bid-side skew near $65,000 on Sunday. The imbalance ranked in the 99th percentile across the 1%, 2%, 5% and 10% orderbook depth, marking one of the strongest buying responses in recent weeks.&nbsp;
The order book depth tracks total buy and sell orders within a percentage range around price, offering a clear view of near-term liquidity pressure.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-03/019d4030-8a17-76ad-8efc-993b18db4e19.jpg">
 <figcaption>Bitcoin order-book depth bid-ask ratio. Source: Hyblock Capital
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At that level, the bids outweighed asks across key zones, showing strong demand absorption. Bitcoin rebounded toward the $67,000–$68,000 range within hours, aligning with past cases where selling pressure faded quickly after similar extremes.&nbsp;
This indicates localized exhaustion in downside momentum, supported by the buyers stepping in at clustered liquidity zones.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-03/019d4033-c1d8-752e-8e76-e263b80a3f16.png">
 <figcaption>BTC/USDT 4-hour chart. Source: <a href="https://www.tradingview.com/symbols/BTCUSDT/" rel="noopener noreferrer nofollow">Cointelegraph/TradingView</a>
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On the technical side, a four-hour bullish break of structure adds confirmation to the trend shift. However, it is important to hold above $66,700 into the daily close on Monday to keep the setup intact.
The cumulative short liquidation leverage <a href="https://www.coinglass.com/pro/futures/LiquidationMap" rel="noopener noreferrer nofollow">stacked</a> near $71,000, estimated above $1.6 billion, outlines a visible upside target during the possible relief move.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-03/019d4034-e54c-7243-9b7f-62ce3bffc83d.png">
 <figcaption>Bitcoin exchange liquidation map. Source: CoinGlass
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<a href="https://cointelegraph.com/markets/bitcoin-accumulators-buy-67k-btc-as-miners-slow-selling" rel="noopener noreferrer nofollow">Related: Bitcoin accumulation addresses absorb 67K BTC as miner-led selling falls: Data</a>
<h2 id="april-pivot-trend-meets-monday-bearish-pattern">April pivot trend meets Monday bearish pattern</h2>
A bullish positioning into April 1 adds a time-based variable. Crypto trader LP <a href="https://x.com/LP_NXT/status/2038616882228392040?s=20" rel="noopener noreferrer nofollow">shows</a> the first date of the month acting as a local low in 67% of observed cases over the past nine months.
The price direction into the pivot plays a role, with the downside approaches increasing the likelihood of a bottom formation, which is synonymous with the current setup.&nbsp;
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-03/019d4035-6993-7372-90ba-44ed0ecadbae.png">
 <figcaption>Bitcoin pivot trend analysis by LP. Source: X
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At the same time, the recurring weekly behavior introduces a bit of resistance. Crypto analyst KillaXBT <a href="https://x.com/KillaXBT/status/2038547799197794383?s=20" rel="noopener noreferrer nofollow">highlighted</a> that roughly 90% of trading on Mondays printed early highs that were followed by selling pressure. Historical tracking showed 20 out of 24 Mondays delivered at least 3% downside moves over the past six months.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-03/019d4036-109e-7e34-adac-883b11bbbd1d.png">
 <figcaption>Monday high trend analysis by Killa. Source: X
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These signals bring focus to the early-week price moves. Currently, Bitcoin is trading between a favorable April 1 setup and a common Monday weakness pattern, with $71,000 as the closest major liquidity level.
<a href="https://cointelegraph.com/markets/bitcoin-analysis-says-65k-entry-zone-with-oil-back-above-100" rel="noopener noreferrer nofollow">Related: Bitcoin analysis says $65K 'entry zone' with oil back above $100</a>

Bitcoin data points to rare trading setup for relief rally to $71K

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