Bitcoin's orderbook shows significant liquidity concentration in the $100,000–$102,000 range, according to Coinotag. This concentration, coupled with thin resting bids above and below, heightens the risk of sharp price declines if selling pressure increases. Recent orderbook heatmaps from CoinGlass and TradingView highlight liquidation cascades and an RSI near 33, suggesting oversold conditions but insufficient bid depth for a rebound. Traders are closely watching the 200-day moving average as a critical technical support level.