After a near-excellent start to the month of July, Bitcoin has performed even more impressively over the past few days. The premier cryptocurrency, after a brief period of sideways momentum earlier this week, has attained a new all-time-high valuation at a price close to $119,000. Unsurprisingly, the Bitcoin market is experiencing a wave of optimism — an inference still heavily backed by the latest on-chain revelation.
Bitcoin Market Sentiment Shifts Bullish
In a July 11 post on social media platform X, cryptocurrency analytics firm Alphractal delved into the current price action of Bitcoin, offering insights into the cryptocurrency’s future trajectory.
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The firm’s on-chain observation revolves around the Aggregated Liquidation Levels Heatmap (7 Days) metric, which visualizes price zones with high concentrations of long or short liquidations
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