As $BTC ’s price moves higher, it leaves behind a trail of liquidation levels.
But two levels stand out when looking at open positions from the last 30 days:
$61,000: A region where many traders opened positions while Bitcoin was trading around $65,000 to $68,000.
$57,000: A region where a significant number of traders could be liquidated. Many of these positions were opened around $63,000 to $66,000.
What’s interesting is that these levels also tend to be areas where traders place their stop losses, believing the price is unlikely to reach them.
There are also liquidation levels higher up, around $85,000 to $86,000, but these are mostly linked to positions older than one month. They could also become liquidation targets.
Stay alert.
But two levels stand out when looking at open positions from the last 30 days:
$61,000: A region where many traders opened positions while Bitcoin was trading around $65,000 to $68,000.
$57,000: A region where a significant number of traders could be liquidated. Many of these positions were opened around $63,000 to $66,000.
What’s interesting is that these levels also tend to be areas where traders place their stop losses, believing the price is unlikely to reach them.
There are also liquidation levels higher up, around $85,000 to $86,000, but these are mostly linked to positions older than one month. They could also become liquidation targets.
Stay alert.