A segment from a YouTube video by Kosta Ouzas where the speaker adds a volume profile to a Bitcoin price chart and interprets high-volume nodes. The speaker notes that Bitcoin 'likes' certain price levels (high-volume nodes), that liquidity backing those nodes provides support, and that losing those nodes can lead to rapid price drops.
Take a look here. I'm going to add a volume profile just to give us some basis here so we can see it a little bit better. And what I notice here is interesting here in this profile, when you back out the liquidity, we have this high volume node that's running right here. Bitcoin really likes this, this price right there. Then we have another high volume node. The biggest one of all is here at the 96. So what tends to happen is when we, when you lose these high volume nodes, there's not much in here to support the price so you can get a quick drop.
