Whole-network leverage watershed! Two life-or-death BTC price levels—one-sided momentum is about to ignite 🔥

Coinglass’s latest liquidation data is out. Bitcoin is currently stuck in an extreme liquidation range: the gap in liquidation volumes between long and short liquidations is stark, and two key price levels will directly determine the direction of the short-term trend!
1. Strong support below: $61,404, the longs’ destruction zone
Once the price breaks down convincingly below $61,404, the total long liquidations on centralized exchanges across the entire network reach $1.37T.
A massive concentration of leveraged long positions getting liquidated will trigger a chain-reaction selloff. Automatic market sell orders bring endless selling pressure, making it very easy to see waterfall-style declines, with panic trading fully kicking in.
2. Strong resistance above: $67,320, the shorts’ squeeze zone
If BTC breaks through $67,320 with strength, total short liquidations across the entire network are only $745 million.
Compared with the below ten-thousand-billion-level long liquidation blowups, the short-side “chips” above are extremely small. Even if a squeeze is triggered, the upward thrust is very limited, making sustained big gains difficult.
Core market read
1. The sell-pressure “chips” below are extremely heavy. $61,404 is an absolute lifeline—if it falls, large-scale deleveraging and a major crash will follow;
2. The short-side “chips” above are thin. Even if price pushes past $67,320, the squeeze force will be十分有限, and the sustainability of the rally is questionable;
3. The risk of range-bound swings right now is very high. Both the lower and upper price levels are trigger points for chain liquidations. High leverage must stay far away.
Now longs and shorts are severely imbalanced: the potential downside sell pressure far exceeds the upside buying pressure. Operate with strict position sizing and set stops properly!
Do you think BTC will touch the $61,404 support first, or will it rush into the $67,320 resistance first?
Drop your thoughts in the comments—if the insights are useful, please like and share!
#BTC行情 # Futures liquidation #Crypto market analysis
⚠ ️Only objective data interpretation; not any spot or derivatives trading advice. Leverage trading is extremely risky!