Hey everyone,
$BTC What you should really be worried about isn’t 70k 😭
It’s the next level down, around 68750.
Liquidation data from Hyperliquid, Binance, and Bybit all point to roughly the same level, around 68750, where a large number of long liquidations are clustered.
If 70k really breaks, this area is probably more worth watching than 70k.
What you should really keep an eye on:
If price hits this level and makes a quick wick down with a surge in liquidations, then quickly recovers, that’s when to seriously watch for a “liquidation-driven reversal.”
Which worries you more right now: a break below 70k, or this 68.7k level?
#BTC #Crypto
$BTC What you should really be worried about isn’t 70k 😭
It’s the next level down, around 68750.
Liquidation data from Hyperliquid, Binance, and Bybit all point to roughly the same level, around 68750, where a large number of long liquidations are clustered.
If 70k really breaks, this area is probably more worth watching than 70k.
What you should really keep an eye on:
If price hits this level and makes a quick wick down with a surge in liquidations, then quickly recovers, that’s when to seriously watch for a “liquidation-driven reversal.”
Which worries you more right now: a break below 70k, or this 68.7k level?
#BTC #Crypto