$BTC just dropped sharply below $63,000, liquidating 165 million long positions. A total of $1 billion has been liquidated in the past 5 days. Now, after $BTC just broke through the entire liquidity zone of $64,000 - $66,000, the $61,000 - $63,000 zone may be the next to be wiped out. However, the $64,000 - $70,000 zone currently has accumulated liquidity about 7 times higher, making it more likely to be targeted next. The bears are still in control.
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This is a critical moment.
$BTC just dropped sharply below $63,000, liquidating 165 million long positions.
A total of $1 billion has been liquidated in the past 5 days.
Now, after $BTC just broke through the entire liquidity zone of $64,000 - $66,000, the $61,000 - $63,000 zone may be the next to be wiped out.
However, the $64,000 - $70,000 zone currently has accumulated liquidity about 7 times higher, making it more likely to be targeted next.
The bears are still in control.