$BTC $60K LEVEL — LIQUIDATION TRIGGER ZONE
Bitcoin has approached a critical test at $60,000.
This isn’t just a psychological level.
It’s where positioning, options, and leverage collide.
Deribit data shows the largest cluster of put options sitting below $60K, right near the 200-week moving average around $58K — a major technical support. Open interest in $60K puts stands at $1.24B.
If price breaks below that zone, forced selling becomes very real.
Loans backed by BTC would start auto-liquidating collateral. That’s where deleveraging accelerates.
Bitcoin is trading around $67K, nearly 47% down from its October peak.
A clean break below $60K/$58K opens the door toward $50K — where the second-largest put interest is stacked.
Sentiment is already heavy.
If $60K fails, volatility expands fast.
Any bounce before that?
Relief rally — fragile, not conviction.
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