Dense buy-side liquidity clustered between $60,500–$61,500 will act as a price magnet and potential support zone, absorbing selling pressure in the near term.

"Large buy bids clustered just below the $61,000 threshold. It cites Velo data showing traders initially added 8,366 BTC to bid liquidity between $61,500 and $60,500, totaling more than $525 million in stacked bids across that band."