Bitcoin rebound faces wall of liquidity as buy orders thin near 62k

Bitcoin's quick bounce from recent lows suggests dip-buyers still think the asset is cheap. They're jumping back in, but the order books tell a more complicated story about where this rally actually stops. Data shows a massive $162 million cluster of bid liquidity sitting just below current levels, acting as a magnet that could pull prices back down before any real breakout happens. While spot buyers are active, the futures market isn't showing the same aggressive appetite. Funding rates remain flat and open interest hasn't surged, indicating that professional traders aren't ready to chase this move just yet. It's a classic tug-of-war between long-term conviction and short-term technical hurdles. If the bulls can't clear the overhead resistance near $64,000, that liquidity gap underneath might turn into a trap. Will the spot demand be enough to override the cautious signals coming from the derivatives desk?