💥 The key price levels for Bitcoin long and short positions have been identified! Here are the liquidation points!

In the cryptocurrency market, Bitcoin approaching key price levels has triggered a scenario that could lead to a large-scale liquidation, especially in high leverage trading. According to recent data shared by on-chain data platform Coinglass, if Bitcoin's price rises above $80,634, approximately $1.77 billion worth of short positions could be liquidated on major centralized cryptocurrency exchanges.
Analysts say that breaking this level could generate a strong "short squeeze" effect in the market. A short squeeze occurs when the price rises sharply, forcing short sellers to close their positions. This creates additional buying pressure, potentially accelerating Bitcoin's upward movement.
On the other hand, downside risks are also noteworthy. According to Coinglass data, if Bitcoin falls below $73,578, about $1.64 billion of long positions could be liquidated. Such a situation could increase selling pressure, leading to a more significant price decline.
Market experts say that Bitcoin's current price range is causing uncertainty among investors. Notably, investors, especially those using high leverage, are closely watching these key levels.
Recent macroeconomic developments, expectations regarding U.S. interest rate policies, and capital flows into spot Bitcoin ETFs continue to be decisive factors influencing price volatility. Experts emphasize that if Bitcoin breaks through the $80,634 resistance level, upward momentum could strengthen, but if it loses the $73,578 support level, a sharp correction may occur.
For investors, these two levels highlight critical thresholds that will determine the market direction in the coming days.