Liquidation pressure of 334 million USD: A dangerous warning point as BTC fluctuates

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According to analysis data from Coinglass reported by ChainCatcher, the futures market on major exchanges is facing extremely sensitive price levels. If Bitcoin surpasses $64,380, the liquidation volume of accumulated sell orders will reach $836 million, creating strong downward pressure.

Conversely, if BTC drops below $58,335, the liquidation volume of accumulated buy orders on major platforms will amount to $334 million. This figure reflects the scale of buying pressure from margin traders, potentially forming support floors or triggering a liquidation cascade if the market continues to weaken.

The concentration of large margin positions at these price levels indicates potential market “traps.” Small volatility could trigger a domino effect, leading to a series of liquidations. Investors should closely monitor these support and resistance levels, especially when trading volume increases.

BTC-0.61%
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