Insane price action.
$BTC dropped to $64,000 last night liquidating $436M longs.
Then $BTC immediately pumps back above $66,000 liquidating $70M shorts.
$500M total liquidations In just 24 hours.
But here’s where it gets interesting…
At $64,000 - $66,000 almost all of the liquidity has now been cleared. Only a small amount remains at $64,000, making another sweep possible.
However, at $68,000 - $71,000 we have a ridiculously large amount of liquidity clusters built up, making it a high probability we visit this zone next.
Bulls could respond here.
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