Bitcoin Suffered Two Consecutive Blows, and Long Positions Paid the Price
In the first move, BTC fell from around $86,900 to $82,200, leading to the liquidation of approximately $650 million in long positions
Then came the second blow: $BTC broke below $80, 700, triggering the liquidation of an additional $930 million in long positions
But the most exciting part right now is the liquidity map
Below the price range between $78K and $80.5K, there is significant liquidity that the market could target
But above that price range lies an even bigger surprise
The $82K – $90K zone contains liquidation clusters that are about six times larger than the liquidity below it
This means the market faces a massive amount of liquidity on both sides
Will it continue to wipe out long positions at the bottom?
In the first move, BTC fell from around $86,900 to $82,200, leading to the liquidation of approximately $650 million in long positions
Then came the second blow: $BTC broke below $80, 700, triggering the liquidation of an additional $930 million in long positions
But the most exciting part right now is the liquidity map
Below the price range between $78K and $80.5K, there is significant liquidity that the market could target
But above that price range lies an even bigger surprise
The $82K – $90K zone contains liquidation clusters that are about six times larger than the liquidity below it
This means the market faces a massive amount of liquidity on both sides
Will it continue to wipe out long positions at the bottom?