The 30-day liquidation map for Bitcoin shows that


Around 58,000, there are nearly 500 million in liquidations.
There are very few liquidations below 58,000.
From above up to 67,000, there are 2 billion in liquidations.
As mentioned earlier, there is an important trendline support near 58,000.
From the liquidation map:
If there is another retest of the lows,
Breaking below 58,000 would not be very meaningful.
There are no liquidations below 58,000, which means passive liquidity is insufficient.
Market makers rely on passive liquidity to make a living.
So, the likelihood of a phase bottom forming near 58,000 is relatively high.
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