$BTC at 73.6K: forced selling is cooling 📉
24h liquidations total $268.82M across 82,876 traders, with longs at 61.7% ($165.74M) and shorts at 38.3% ($103.08M).
The pace matters more than the total. $142.05M came in the last 12h, but only $13.60M in the last 4h. Liquidation pressure is easing.
BTC alone saw $63.16M liquidated, 59.8% of it shorts. That points to a choppy, two-sided market, not a one-way flush.
On the daily chart, price is compressing with lower highs since the October highs. Today’s range is about 73.4K to 74.2K.
Scenarios I’m tracking 🎯
Reclaim of the 76.5K range support, which needs a retest that holds before it counts as confirmation
Loss of today’s lows, which opens the liquidity below
No decision from either side, which means more chop
Capitulation tends to arrive as one extreme event, and $268M spread over 24h does not look like that. Size positions for both outcomes.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin #CryptoGates
24h liquidations total $268.82M across 82,876 traders, with longs at 61.7% ($165.74M) and shorts at 38.3% ($103.08M).
The pace matters more than the total. $142.05M came in the last 12h, but only $13.60M in the last 4h. Liquidation pressure is easing.
BTC alone saw $63.16M liquidated, 59.8% of it shorts. That points to a choppy, two-sided market, not a one-way flush.
On the daily chart, price is compressing with lower highs since the October highs. Today’s range is about 73.4K to 74.2K.
Scenarios I’m tracking 🎯
Reclaim of the 76.5K range support, which needs a retest that holds before it counts as confirmation
Loss of today’s lows, which opens the liquidity below
No decision from either side, which means more chop
Capitulation tends to arrive as one extreme event, and $268M spread over 24h does not look like that. Size positions for both outcomes.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin #CryptoGates