Current Liquidation Clusters

​Traders are looking at two primary "walls" where leverage is most concentrated:

​Overhead Resistance (Short Liquidations): A heavy band of short liquidations sits between $75,000 and $75,500. If Bitcoin pushes into this range, a "short squeeze" could trigger, potentially accelerating the price toward the $81,000 level.

​Downside Support (Long Liquidations): Significant long interest is clustered in the $60,000–$63,500 range. A breakdown below the recent stability around $70,000 could lead to a cascade of forced sells, testing the psychological floor at $60,000.

​Market Context

​Current Price: Approximately $70,800–$71,100 (up ~2.4% in the last 24 hours).

​Volatility: The market is stabilizing after a brutal week where nearly $2.56 billion in leveraged positions were wiped out—one of the largest liquidation events on record.

​Sentiment: The "Fear and Greed Index" recently hit a low of 15 (Extreme Fear), though it is beginning to bounce as Bitcoin reclaims the $70k mark.