$76,000 is the line everyone is watching on $BTC .
Per Liqwall's liquidation map, about $59.5M of long liquidations sit roughly 1% below price, with BTC near $76,751. Earlier, $11.3M of longs were force-closed in 5 minutes, $9.6M of it on Binance. CNBC TV18 puts the 24h liquidation total at $366M.
My take: that level is also the short-term holders' cost basis, so it's where leverage and conviction collide.
Do you expect $76K to hold into the US midterms, or does a sweep come first?
#Bitcoin #Liquidations #CryptoMarket
Not financial advice.
Per Liqwall's liquidation map, about $59.5M of long liquidations sit roughly 1% below price, with BTC near $76,751. Earlier, $11.3M of longs were force-closed in 5 minutes, $9.6M of it on Binance. CNBC TV18 puts the 24h liquidation total at $366M.
My take: that level is also the short-term holders' cost basis, so it's where leverage and conviction collide.
Do you expect $76K to hold into the US midterms, or does a sweep come first?
#Bitcoin #Liquidations #CryptoMarket
Not financial advice.