Is there another “magnet” below BTC? Glassnode: $59,500–$62,600 is the largest liquidation cluster ⚠️
📉 Current price is around $63,400, down 7.1% in 24h; it briefly fell to $63,311, a 3-month low
🧲 Glassnode’s heatmap shows the brightest liquidation band is right below the current price. The denser the liquidations, the more likely the price is to get “pulled” toward them
💥 Around 11/13, roughly $1.64 billion in positions were liquidated across the market, mostly longs
💧 Stablecoin supply has shrunk by $17 billion in a month, meaning less sidelined capital
😱 Fear & Greed Index: 10, Extreme Fear
My take:
1️⃣ After breaking below the 200-day moving average (around $73,000), the technical picture dealt a major blow to the bulls. The next key zone is around $60,000
2️⃣ Liquidation bands are both a risk and an opportunity: if the price quickly recovers after sweeping the band, it often signals a short-term sentiment flush. If it breaks lower on strong volume, then be wary of further downside
3️⃣ Extreme fear doesn’t mean the bottom is in. Position sizing and stop-losses matter more than trying to call the bottom
Do you think BTC will sweep below $60,000 first, or bounce straight back? Let me know in the comments 👇
$BTC $ETH
#比特币 #清算 #CryptoMarket
For personal opinions only; not investment advice
📉 Current price is around $63,400, down 7.1% in 24h; it briefly fell to $63,311, a 3-month low
🧲 Glassnode’s heatmap shows the brightest liquidation band is right below the current price. The denser the liquidations, the more likely the price is to get “pulled” toward them
💥 Around 11/13, roughly $1.64 billion in positions were liquidated across the market, mostly longs
💧 Stablecoin supply has shrunk by $17 billion in a month, meaning less sidelined capital
😱 Fear & Greed Index: 10, Extreme Fear
My take:
1️⃣ After breaking below the 200-day moving average (around $73,000), the technical picture dealt a major blow to the bulls. The next key zone is around $60,000
2️⃣ Liquidation bands are both a risk and an opportunity: if the price quickly recovers after sweeping the band, it often signals a short-term sentiment flush. If it breaks lower on strong volume, then be wary of further downside
3️⃣ Extreme fear doesn’t mean the bottom is in. Position sizing and stop-losses matter more than trying to call the bottom
Do you think BTC will sweep below $60,000 first, or bounce straight back? Let me know in the comments 👇
$BTC $ETH
#比特币 #清算 #CryptoMarket
For personal opinions only; not investment advice
