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Bitcoin Faces $359.7M Liquidation as Price Holds Above UTXO Support Levels

Bitcoin experienced a significant long liquidation event of $359.7 million due to price exceeding 1D-1M UTXO age bands. Market signals hint at a potential shift, with short-term holders avoiding losses. Strong support at 1W-1M UTXO values may aid in market recovery. The recent washout emphasizes risks in leveraged trading and the importance of UTXO age bands for support.
BTC-3.97%
MAJOR1.24%
2025-03-28 13:35