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The long positions got washed out pretty hard; as long as the 61k support holds, there's still room to play.
This decline continues the losses following the expiration of about $2.13 billion worth of Bitcoin and Ethereum options contracts.
Data shows that nearly $136 million worth of Bitcoin positions were liquidated in the past 24 hours, with about $122 million coming from long positions.
Analysts point out that Bitcoin is trying to maintain its key support zone between $61,000 and $62,000; if this level is broken, it could accelerate a correction.