Last night, BTC's price soared above $73,500, directly clearing $139 million in short positions. But just a few hours later, BTC plummeted back to $71,000, clearing another $181 million in long positions.

From the data, there is still a lot of liquidity waiting to be liquidated in the $74,000-$76,000 range. However, the more concentrated liquidation points are accumulated in the $69,000-$71,000 range, with a total scale roughly 1.2 times that of the $73,500 area. Therefore, purely from a liquidity perspective, the lower range is the more "suitable" zone for liquidation. Shorts are trying to regain market dominance.
Looking back at today's "scripted" movement of BTC, it’s confirmed. When it rebounded to below $7.4k in the early hours, I emphasized that—this rebound lacked the necessary factors to sustain, and could reverse and crash at any time. Earlier, I also projected based on the overall trend: if the key resistance zone cannot be broken or stabilized, I remain bearish.
Now BTC has already fallen back above the $7K support, and ETH has also dropped below $2,200. What happens next, we’ll watch and see.
#BTC #ETH #SOL #Bitcoin