Just checked the Bitcoin liquidity map and saw an interesting picture. The current price is around $77.69K, but what’s noteworthy is the densely concentrated liquidation zones. There are large clusters around $68K down to $70K, where if the price drops, it will trigger a series of chain liquidations. Below, support is forming near $66K.

The annoying part is that Bitcoin is oscillating through these zones, meaning we could see sudden volatility when leveraged positions are liquidated. This can happen on both sides — upward or downward. The liquidation map shows many people are trading with leverage at these price levels, so caution is needed as the price approaches these danger zones.