#bitcoin is hurtling toward its largest liquidation cluster in history, reigniting fears of a final capitulation
The danger zone identified by Glassnode
Recent reports from the on-chain analytics firm reveal that the price of #BTC is dangerously close to a massive liquidation zone, as shown on the modeled futures heatmap.
The trail left by August’s rally: The sharp upward breakout in August left behind a very dense trail of long positions that are now acting as a magnet for the price, as markets structurally tend to gravitate toward these critical points of vulnerability.
The trigger for capitulation? After weeks of sustained selling pressure in the market, analysts warn that interaction with this massive cluster of leveraged long positions could trigger a rapid purge or a final wave of capitulation before a definitive market bottom is found.
Do you think Bitcoin will manage to defend this major support zone, or will we see a cascade of liquidations before a rebound?
$BTC
$BNB
$SOL
The danger zone identified by Glassnode
Recent reports from the on-chain analytics firm reveal that the price of #BTC is dangerously close to a massive liquidation zone, as shown on the modeled futures heatmap.
The trail left by August’s rally: The sharp upward breakout in August left behind a very dense trail of long positions that are now acting as a magnet for the price, as markets structurally tend to gravitate toward these critical points of vulnerability.
The trigger for capitulation? After weeks of sustained selling pressure in the market, analysts warn that interaction with this massive cluster of leveraged long positions could trigger a rapid purge or a final wave of capitulation before a definitive market bottom is found.
Do you think Bitcoin will manage to defend this major support zone, or will we see a cascade of liquidations before a rebound?
$BTC
$BNB
$SOL
