Glassnode, the on-chain analytics platform, points out that $BTC biggest liquidation cluster is sitting near $90,000. If the price hits that mark, leveraged short positions will be forced to close, which could trigger a spike.
Looking at the last two months, there are smaller clusters around $83,000 and $75,000. Essentially, a move toward either of these levels could act as a catalyst and accelerate the next round of volatility. #BTC Price Analysis# #Macro Insights# #BTC #Bitcoin #BTC100K
Looking at the last two months, there are smaller clusters around $83,000 and $75,000. Essentially, a move toward either of these levels could act as a catalyst and accelerate the next round of volatility. #BTC Price Analysis# #Macro Insights# #BTC #Bitcoin #BTC100K
