Bitcoin fell below $70,000, and more than $1 billion in crypto positions were liquidated within 12 hours. Unchained pointed to leveraged longs as the main positions liquidated.
· This was a market move in which a break below a key round-number threshold coincided with concentrated liquidations; both figures come from the same report.
· The source gives the liquidation amount over a 12-hour window but does not provide the exact long-short breakdown or indicate what happened to the price afterward.
After the $70,000 level gave way, would you first watch to see whether liquidations continue to mount, or whether the price can reclaim that round-number threshold?
· This was a market move in which a break below a key round-number threshold coincided with concentrated liquidations; both figures come from the same report.
· The source gives the liquidation amount over a 12-hour window but does not provide the exact long-short breakdown or indicate what happened to the price afterward.
After the $70,000 level gave way, would you first watch to see whether liquidations continue to mount, or whether the price can reclaim that round-number threshold?
