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This is really shocking.
On Monday, $BTC jumped sharply from $70,000 to $75,000, liquidating $472 million worth of sell orders!
Then yesterday, $BTC climbed again to $78,000, liquidating an additional $669 million worth of sell orders!!!
And now, $BTC has dropped hard to $76,000, liquidating $254 million worth of buy orders!!!
So, in total, $2.4 billion worth of liquidation orders have been cleared in the cryptocurrency market in just the past 5 days!!!
Currently, the price range of $78,000 - $81,000 has a significant amount of liquidity, and this price level may be liquidated next.
However, the $72,000 - $75,000 range has twice the amount of liquidations concentrated, making it a "higher probability" price zone that we may encounter next.
Both the buyers and sellers are taking heavy losses.