I just checked the liquidation data on Coinglass and there's something interesting. BTC is at $77.84K right now, but look at this: if the price drops to $64,661, long position liquidations of nearly $910 million would be triggered on major exchanges. On the other side, if it rises to $70,951, there would be $692 million in short liquidations.



Basically, there are quite defined critical levels. The current price is well above these pressure points, but it's good to keep them on the radar. Those Coinglass data show where most of the leverage is concentrated at the moment.

If the market starts moving strongly downward, that $64K level is the one to watch. And if it goes up, the $70.9K is where shorts could explode. These liquidation levels can amplify rapid movements in either direction.
BTC-1.57%
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