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I was checking the Coinglass data and found this BTC situation interesting right now. Basically, we are at a very critical liquidation point. If the price drops to around $64,661, we see about $910 million in long positions being liquidated all at once on the main exchanges. That's quite a lot.
On the other hand, if BTC rises and surpasses $70,951, then the people who are short will suffer — about $692 million in liquidations. According to Coinglass, these are the levels we need to watch now.
With BTC in movement, these Coinglass data show that the market is quite sensitive at this price range. Any more abrupt movement could trigger a cascade of liquidations. It's worth keeping an eye on these levels if you're trading.