Bitcoin re-enters the $60,000 range after 456 days, less than $1,000 away from the all-time high of $69,000 on November 1, 2021.

In the past 24 hours, the entire network experienced liquidations of $948 million, with long positions totaling $790 million. The liquidation map shows that during the recent continuous decline, there is "no more room to liquidate," as the long contract holdings below are limited. If Bitcoin drops below $65,000, the liquidation strength of long positions on major CEXs will reach $780 million. If Bitcoin breaks above $73,000, the short position liquidation strength on major CEXs will reach $930 million. Both are below the scale of over $1 billion in previous similar wide-range intervals, indicating no significant liquidation pressure whether the market moves up or down in the near future.

#当前行情抄底还是观望？