The Liquidation Landscape Support & Clusters: Analysts identify the $85,000–$85,900 zone as critical psychological and technical support. Below this, there is a dense cluster of long liquidations. The Cascade Risk: If Bitcoin fails to hold $85,000 on a daily close, it could trigger a "liquidation cascade." The next major liquidity pockets sit between $83,700 and $84,000. A breach there could accelerate the decline toward the $78,000 level. Recent Activity: In the last few days, the market has already seen hundreds of millions of dollars in long positions wiped out as the price dipped from the $90k range. Current Market Drivers Several factors are pushing BTC toward these liquidation levels: Macro Pressure: A hawkish Federal Reserve and rising global yields are dampening "risk-on" sentiment.