⚠️ #bitcoin lost a key support zone and accelerated the drop to 67,000 USDT, liquidating a massive amount of long leveraged positions along the way 📉
The bearish move was practically a straight line, slicing through multiple liquidation levels and causing a cascade of forced closures that further increased selling pressure.
⬇️ Now market attention is focused on the large long liquidation zone at 64,736 USDT. If weakness continues, that level could become the next liquidity target.
👀 For now, BTC is trying to stabilize after the sharp drop, but the Heatmap still shows a significant concentration of leveraged positions below the current price.
🔥 When the market goes into liquidation mode, movements tend to accelerate as it seeks out the next liquidity bags.
🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#Bitcoin #BTC #Crypto #Trading #Liquidations
The bearish move was practically a straight line, slicing through multiple liquidation levels and causing a cascade of forced closures that further increased selling pressure.
⬇️ Now market attention is focused on the large long liquidation zone at 64,736 USDT. If weakness continues, that level could become the next liquidity target.
👀 For now, BTC is trying to stabilize after the sharp drop, but the Heatmap still shows a significant concentration of leveraged positions below the current price.
🔥 When the market goes into liquidation mode, movements tend to accelerate as it seeks out the next liquidity bags.
🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#Bitcoin #BTC #Crypto #Trading #Liquidations