Trader Warning: If Bitcoin Falls Below $58,000, It Could Trigger Over $1.5 Billion in Long Liquidations

Cryptocurrency analyst Alex Mason issued a warning on platform X, stating that if Bitcoin loses the $58,000 support level, it could trigger a "brutal" liquidation storm.

In over 15 years of trading, he has never seen such a massive concentration of long liquidity at a single price range. Once it breaks below this level, over $1.5 billion in long positions are expected to be forcibly liquidated, potentially triggering an unstoppable chain reaction.

Mason emphasized that once this liquidation occurs, it will mark the formation of a market cycle bottom. He advises investors to buy during the "most painful and brutal" moments rather than chasing highs when market sentiment is optimistic.

Mason also touted that he has previously accurately predicted multiple market tops and bottoms, including Bitcoin's bottom at $16,000 and its top at $126,000.

Notably, his remarks referenced the latest event contracts from the prediction market Kalshi.

Kalshi's prediction data shows that the probability of Bitcoin dropping to $50k before reaching $100k is 76%, further confirming the current pessimistic market outlook.

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