BTC is currently moving around 77.87K, and there is a risk of triggering some interesting liquidations at these levels. Looking at Coinglass data, if it drops below $73,610, approximately $2.2 billion worth of long positions could be liquidated on centralized exchanges. On the other hand, if the price rises above $81,264, the liquidation pressure on short positions remains much lower, around $913 million.

So, the downside looks a bit more dangerous in terms of liquidation. Since the current price level is between these two levels, there is potential for movement in both directions. If it breaks downward, that large liquidation could trigger a further drop in the market, creating a cascading effect. Monitoring these levels with tools like Coinglass is important because large liquidations can often intensify price movements.